Day trading guide

Day Trading Guide for April 09, 2021

| Updated on April 08, 2021

₹1433 • HDFC Bank

S1

S2

R1

R2

COMMENT

1420

1405

1450

1465

Initiate fresh short positions with a stiff stop-loss if the stock declines below ₹1,420 levels

₹1439 • Infosys

S1

S2

R1

R2

COMMENT

1427

1412

1451

1465

Fresh long positions can be initiated with a fixed stop-loss if the stock reverses higher from ₹1,427 levels

₹213 • ITC

S1

S2

R1

R2

COMMENT

211

208

216

219

Make use of intraday rallies to initiate fresh short positions while maintaining a stop-loss at ₹216 levels

₹103 • ONGC

S1

S2

R1

R2

COMMENT

101

99

105

107

Initiate fresh long positions with a tight stop-loss if the stock of ONGC climbs above ₹105 levels

₹2005 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1980

1960

2020

2040

Consider initiating fresh long positions with a stiff stop-loss if the stock moves beyond ₹2020 levels

₹355 • SBI

S1

S2

R1

R2

COMMENT

350

345

361

366

Fresh long positions are recommended with a tight stop-loss only if the stock rallies above ₹361 levels

₹3316 • TCS

S1

S2

R1

R2

COMMENT

3290

3270

3335

3360

Near-term outlook is bullish for the stock of TCS. Buy on dips with a stiff stop-loss at ₹3,290 levels

14924 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

14870

14820

14980

15040

Fresh long positions can be initiated with a tight stop-loss if the contract rebounds up from 14,870 levels

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

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Published on April 09, 2021
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