Day trading guide

Day Trading Guide for April 13, 2021

| Updated on April 12, 2021

₹1367 • HDFC Bank

S1

S2

R1

R2

COMMENT

1355

1335

1400

1415

Despite sell-off, the stock is above a support. But go long with tight stop if only it moves above ₹1,400

 

₹1425 • Infosys

S1

S2

R1

R2

COMMENT

1420

1400

1450

1475

Fresh long positions can be initiated with a fixed stop-loss if the stock rallies past ₹1,436

 

₹205 • ITC

S1

S2

R1

R2

COMMENT

203

200

208

210

Make use of intraday rallies to initiate fresh short positions while maintaining a stop-loss at ₹209

 

₹98 • ONGC

S1

S2

R1

R2

COMMENT

95

92.5

100

102.4

Since the stock has breached a key support, go short on intraday rallies with a tight stop-loss

 

₹1911 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1900

1865

1945

1970

Consider initiating fresh short positions with a stiff stop-loss if the stock breaks below ₹1,900

 

₹329 • SBI

S1

S2

R1

R2

COMMENT

324

310

335

350

Fresh short positions can be initiated if the stock falls below ₹324; stop-loss can be at ₹335

 

₹3246 • TCS

S1

S2

R1

R2

COMMENT

3230

3200

3285

3310

The support at ₹3,230 is strong. But go long with tight stop only if the stock breaks out of ₹3,285

 

14343 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

14300

14250

14400

14485

Fresh long positions can be initiated with a tight stop-loss if the contract breaches resistance of 14,400

 

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

Published on April 13, 2021

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