Day trading guid

Day Trading Guide for January 13, 2022

| Updated on January 13, 2022

₹1556 • HDFC Bank

S1

S2

R1

R2

COMMENT

1550

1530

1580

1610

Initiate fresh short positions if the stock breaks below 1550. Keep the stop-loss at 1565

₹1876 • Infosys

S1

S2

R1

R2

COMMENT

1865

1840

1890

1915

Initiate with a stop-loss at 1860 fresh long positions only if the stock breaks above 1890.

₹223 • ITC

S1

S2

R1

R2

COMMENT

221

218

224

226

Stuck in a narrow range. Avoid trading this stock until a clear trade signal emerges

₹164 • ONGC

S1

S2

R1

R2

COMMENT

162

158

166

170

Outlook is bullish. Go long now and on dips at 162. Stop-loss can be placed at 159

₹2518 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2490

2475

2530

2560

Resistance ahead. Go short with a stop-loss at 2555 if the stock reverses lower from 2530.

₹510 • SBI

S1

S2

R1

R2

COMMENT

507

505

514

518

Trend is up. Wait for dips and initiate fresh long positions at 508. Stop-loss can be kept at 506.

₹3857 • TCS

S1

S2

R1

R2

COMMENT

3825

3775

3875

3910

Wait for dips and go long if the stock reverses higher from 3825. Keep the stop-loss at 3805

18227 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

18200

18000

18350

18400

Trend is up. Go long if the contract sustains above 18200. Stop-loss can be placed at 18120

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

Published on January 13, 2022

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