Day trading guide

Day Trading Guide For April-06

Yoganand D BL Research Bureau | Updated on April 05, 2018 Published on April 05, 2018

₹1907 • HDFC Bank

S1

S2

R1

R2

COMMENT

1895

1884

1918

1930

Consider initiating fresh long positions with a stiff stop-loss only if the stock advances above ₹1918 levels

₹1145 • Infosys

S1

S2

R1

R2

COMMENT

1134

1124

1155

1165

Fresh long positions are recommended with a tight stop-loss if the stock of Infosys moves beyond ₹1155 levels

₹259 • ITC

S1

S2

R1

R2

COMMENT

256

253

261

264

Make use of intra-day dips to buy the stock of ITC while maintaining a fixed stop-loss at ₹256 levels

₹177 • ONGC

S1

S2

R1

R2

COMMENT

175

172

180

183

Initiate fresh short positions with a stiff stop-loss if the stock of ONGC fails to rally above ₹180 levels

₹906 • Reliance Ind.

S1

S2

R1

R2

COMMENT

895

885

915

925

As long as the stock trades above ₹895, the near-term view remains positive. Buy in declines

₹258 • SBI

S1

S2

R1

R2

COMMENT

254

249

262

267

The stock witnesses buying interest at lower levels. Utilise dips to go long with a fixed stop-loss

₹2957 • TCS

S1

S2

R1

R2

COMMENT

2930

2910

2980

3000

Near-term outlook will remain bullish of the stock of TCS as long as it trades above ₹2930 levels. Buy in dips

10352 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10300

10250

10400

10450

Initiate fresh long positions with a tight stop-loss if the contract rebounds up from 10,300 levels

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

Published on April 05, 2018
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