Day trading guide

Day Trading Guide For April 10

| Updated on April 09, 2018 Published on April 09, 2018

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

₹1938 • HDFC Bank

S1

S2

R1

R2

COMMENT

1930

1918

1950

1960

Fresh long positions are recommended with a tight stop-loss only if the stock rallies above ₹1950 levels

 

₹1100 • Infosys

S1

S2

R1

R2

COMMENT

1000

990

1120

1129

Make use of intra-day rallies to sell the stock of Infosys while maintaining a stiff stop-loss at ₹1120 levels

 

₹265 • ITC

S1

S2

R1

R2

COMMENT

263

260

268

271

Near-term outlook is bullish for the stock of ITC. Make use of dips to buy the stock with a fixed stop-loss

 

₹178 • ONGC

S1

S2

R1

R2

COMMENT

175

172

180

183

Consider initiating fresh short positions with a tight stop-loss if the stock declines below ₹175 levels

 

₹916 • Reliance Ind.

S1

S2

R1

R2

COMMENT

905

895

925

935

Initiate fresh long positions with a tight stop-loss if the stock reverses higher from ₹905 levels

 

₹260 • SBI

S1

S2

R1

R2

COMMENT

255

250

264

269

Use intra-day dips to buy the stock of SBI while retaining a fixed stop-loss at ₹255 levels

 

₹2921 • TCS

S1

S2

R1

R2

COMMENT

2900

2880

2940

2960

Fresh short positions can be initiated with a fixed stop-loss if the stock of TCS falls below ₹2900 levels

 

10393 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10345

10300

10440

10490

Consider initiating fresh long positions with a tight stop-loss if the contract reverses higher from 10,345 levels

 

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

Published on April 09, 2018
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