Day trading guide

Day Trading Guide for April 15, 2021

| Updated on April 14, 2021

₹1400 • HDFC Bank

S1

S2

R1

R2

COMMENT

1383

1362

1415

1435

Fresh long positions can be initiated if the stock sustains above ₹1,400. Maintain tight stop-loss

₹1397 • Infosys

S1

S2

R1

R2

COMMENT

1388

1375

1420

1435

Go long in the stock with a tight stop-loss if the stock decisively breaks out of ₹1,400

₹209 • ITC

S1

S2

R1

R2

COMMENT

208

205

210

213

Short the stock of ITC with stop-loss at ₹210 if the price falls below the support of ₹208

₹102 • ONGC

S1

S2

R1

R2

COMMENT

100

97.7

103

105

Consider going long in the stock with stop-loss at ₹100 if the price rallies past the hurdle at ₹103

₹1931 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1900

1865

1945

1970

Buy the stock of RIL with stop-loss at ₹1,900 if it breaches the resistance at ₹1,945

₹341 • SBI

S1

S2

R1

R2

COMMENT

335

325

345

350

Fresh long positions can be initiated if the stock moves above ₹344; stop-loss can be at ₹335

₹3104 • TCS

S1

S2

R1

R2

COMMENT

3074

3046

3150

3200

Sell the stock of TCS with stop-loss at ₹3,150 if the price tumbles below the support at ₹3,100

14541 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

14500

14450

14635

14700

Intraday declines can be used to initiate fresh long positions in the contract; place tight stop-loss

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

Published on April 14, 2021

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

  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.