Day trading guide

Day Trading Guide for April 15, 2020

| Updated on April 14, 2020

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

₹895 • HDFC Bank

S1

S2

R1

R2

COMMENT

885

870

908

920

Consider initiating fresh short positions with a stiff stop-loss only if the stock declines below ₹885 levels

 

₹637 • Infosys

S1

S2

R1

R2

COMMENT

626

613

650

662

Fresh long positions are recommended with a fixed stop-loss only if the stock moves beyond ₹650 levels

 

₹181 • ITC

S1

S2

R1

R2

COMMENT

178

174

185

189

Initiate fresh short positions with a tight stop-loss if the stock of ITC fails to rally above ₹185 levels

 

₹75 • ONGC

S1

S2

R1

R2

COMMENT

72

68

78

81

Fresh short positions can be initiated with a fixed stop-loss if the stock of ONGC falls below ₹72 levels

 

₹1189 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1170

1150

1210

1230

The stock continues to test a key resistance at ₹1,200. Initiate long positions with a fixed stop-loss above ₹1,210

 

₹183 • SBI

S1

S2

R1

R2

COMMENT

177

170

190

200

Initiate fresh long positions with a tight stop-loss only if the stock of SBI advances above ₹190 levels

 

₹1758 • TCS

S1

S2

R1

R2

COMMENT

1740

1720

1780

1800

Make use of intra-day dips to buy the stock of TCS while maintaining a fixed stop-loss at ₹1740 levels

 

9011 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

8900

8800

9100

9200

Fresh long positions are recommended with a tight stop-loss only if the contract rallies above 9,100 levels

 

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

Published on April 15, 2020

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor