Day trading guide

Day Trading Guide For April 18

BL Research Bureau | Updated on April 17, 2018 Published on April 17, 2018

₹1947 • HDFC Bank

S1

S2

R1

R2

COMMENT

1938

1930

1960

1970

As long as the stock trades above ₹1938, the near-term view stays positive. Buy in declines with a fixed stop-loss

 

₹1125 • Infosys

S1

S2

R1

R2

COMMENT

1115

1105

1134

1145

Initiate fresh short positions with a stiff stop-loss if the stock fails to move beyond ₹1134 levels

 

₹267 • ITC

S1

S2

R1

R2

COMMENT

265

262

270

273

Near-term view is bullish for the stock of ITC. Utilise dips to buy it with a fixed stop-loss at ₹265

 

₹180 • ONGC

S1

S2

R1

R2

COMMENT

178

176

183

186

Fresh short positions can be initiated with a tight stop-loss only if the stock drops below ₹178 levels

 

₹943 • Reliance Ind.

S1

S2

R1

R2

COMMENT

935

925

950

960

Initiate fresh long positions with a stiff stop-loss if the stock of RIL rebounds up from ₹935 levels

 

₹248 • SBI

S1

S2

R1

R2

COMMENT

245

241

253

257

Consider initiating fresh long positions with a tight stop-loss only if the stock of SBI climbs above ₹253 levels

 

₹3165 • TCS

S1

S2

R1

R2

COMMENT

3140

3120

3190

3210

Initiate fresh long positions with a fixed stop-loss if the stock reverses higher from ₹3140 levels

 

10551 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10500

10450

10600

10650

Consider initiating fresh long positions with a tight stop-loss only if the contract advances above 10,600 levels

 

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

Published on April 17, 2018
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