Day trading guide

Day Trading Guide for April 2

BL Research Bureau | Updated on April 01, 2019 Published on April 02, 2019

Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:

₹2310 • HDFC Bank

S1

S2

R1

R2

COMMENT

2295

2280

2322

2335

Fresh short positions are recommended with a fixed stop-loss only if the stock falls below ₹2,295 levels

 

₹755 • Infosys

S1

S2

R1

R2

COMMENT

747

740

764

774

Near-term stance is bullish for the stock of Infosys. Buy in dips with a stiff stop-loss at ₹747 levels

 

₹297 • ITC

S1

S2

R1

R2

COMMENT

294

291

300

303

Consider initiating fresh long positions with a tight stop-loss only if the stock rallies above ₹300 levels

 

₹157 • ONGC

S1

S2

R1

R2

COMMENT

153

150

160

163

Initiate fresh short positions with a fixed stop-loss if the stock of ONGC fails to move beyond ₹160 levels

 

₹1391 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1375

1360

1405

1420

As long as the stock trades above ₹1,375 the near-term view stays positive. Buy with a fixed stop-loss

 

₹322 • SBI

S1

S2

R1

R2

COMMENT

315

307

327

335

Initiate fresh short positions with a tight stop-loss only if the stock of SBI declines below ₹315 levels

 

₹2031 • TCS

S1

S2

R1

R2

COMMENT

2010

1990

2050

2070

Make use of intra-day dips to buy the stock while maintaining a fixed stop-loss at ₹2,010 levels

 

11748 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11700

11650

11800

11850

Consider initiating fresh long positions with a fixed stop-loss if the contract advances above 11,800 levels

 

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

Published on April 02, 2019

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