Day trading guide

Day Trading Guide for April 18, 2019

Yoganand D, BL Research Bureau | Updated on April 17, 2019 Published on April 18, 2019

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

₹2304 • HDFC Bank

S1

S2

R1

R2

COMMENT

2290

2275

3015

3027

Initiate fresh long positions with a stiff stop-loss if the stock rebounds up from ₹2,290 levels

 

₹723 • Infosys

S1

S2

R1

R2

COMMENT

717

710

733

740

Consider initiating fresh long positions with a fixed stop-loss only if the stock moves beyond ₹733 levels

 

₹307 • ITC

S1

S2

R1

R2

COMMENT

305

302

310

313

Fresh short positions can be initiated with a tight stop-loss if the stock of ITC fails to rally above ₹310 levels

 

₹160 • ONGC

S1

S2

R1

R2

COMMENT

157

154

163

166

Make use of intra-day dips to buy the stock of ONGC while maintaining a fixed stop-loss at ₹157 levels

 

₹1345 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1332

1318

1357

1370

Fresh long positions are recommended with a tight stop-loss only if the stock advances above ₹1,357 levels

 

₹315 • SBI

S1

S2

R1

R2

COMMENT

308

300

320

326

Consider initiating fresh short positions with a stiff stop-loss if the stock of SBI falls below ₹308 levels

 

₹2132 • TCS

S1

S2

R1

R2

COMMENT

2110

2090

2150

2170

Initiate fresh long positions with a fixed stop-loss if the stock of TCS reverses higher from ₹2,110 levels

 

11824 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11775

11725

11875

11925

Initiate fresh long positions with a tight stop-loss if the contract reverses higher from 11,775 levels

 

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

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

Published on April 18, 2019
This article is closed for comments.
Please Email the Editor