Day Trading Guide For January-17

₹2120 • HDFC Bank

S1

S2

R1

R2

COMMENT

2105

2090

2130

2145

Fresh long positions are recommended with a fixed stop-loss only if the stock climbs above ₹2,130 levels

₹736 • Infosys

S1

S2

R1

R2

COMMENT

728

720

742

750

Outlook is bullish for the stock. Make use of intra-day dips to buy the stock while maintaining a fixed stop-loss at ₹728

₹294 • ITC

S1

S2

R1

R2

COMMENT

291

288

297

300

Consider initiating fresh short positions with a tight stop-loss only if the stock of ITC declines below ₹291 levels

₹146 • ONGC

S1

S2

R1

R2

COMMENT

143

140

149

152

Utilise intra-day dips to buy the stock of ONGC while retaining a stiff stop-loss at ₹143 levels

₹1134 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1120

1105

1145

1160

Initiate fresh long positions with a fixed stop-loss if the stock of RIL rebounds up from ₹1,120 levels

₹302 • SBI

S1

S2

R1

R2

COMMENT

297

292

306

312

Fresh short positions can be initiated with a stiff stop-loss only if the stock of SBI falls below ₹297 levels

₹1870 • TCS

S1

S2

R1

R2

COMMENT

1850

1830

1890

1910

Initiate fresh long positions with a stiff stop-loss only if the stock of TCS rallies above ₹1,890 levels

10921 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10870

10820

10970

11020

Fresh long positions can be initiated with a tight stop-loss if the contract reverses higher from 10,870 levels

S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.

Read the rest of this article by Signing up for Portfolio.It's completely free!

What You'll Get





Related