Day trading guide

Day Trading Guide For April 11

| Updated on April 10, 2019 Published on April 11, 2019

₹2242 • HDFC Bank

S1

S2

R1

R2

COMMENT

2230

2215

2255

2268

The stock experiences selling pressure at higher levels. Sell in rallies while retaining a fixed stop-loss at ₹2,255

₹754 • Infosys

S1

S2

R1

R2

COMMENT

747

740

760

767

Initiate fresh short positions with a tight stop-loss if the stock reverses down from ₹760 levels

₹294 • ITC

S1

S2

R1

R2

COMMENT

292

289

297

300

Consider initiating fresh long positions with a tight stop-loss only if the stock of ITC moves beyond ₹297 levels

₹157 • ONGC

S1

S2

R1

R2

COMMENT

155

152

161

164

Fresh long positions are recommended with a fixed stop-loss only if the stock advances above ₹161 levels

₹1328 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1315

1300

1340

1355

Fresh short positions can be initiated with a stiff stop-loss if the stock of RIL declines below ₹1,315 levels

₹311 • SBI

S1

S2

R1

R2

COMMENT

305

298

317

326

Consider initiating fresh short positions with a fixed stop-loss if the stock of SBI falls below ₹305 levels

₹2043 • TCS

S1

S2

R1

R2

COMMENT

2020

2000

2060

2080

Fresh short positions can be initiated with a tight stop-loss if the stock of TCS fails to rally above ₹2,060 levels

11652 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11600

11550

11700

11750

Initiate fresh short positions with a tight stop-loss only if the contract reverses down from 11,700 levels

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

Published on April 11, 2019

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