Day trading guide

Day Trading Guide For April 20

| Updated on April 19, 2018 Published on April 19, 2018

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

₹1941 • HDFC Bank

S1

S2

R1

R2

COMMENT

1930

1920

1950

1960

Fresh long positions are recommended with a fixed stop-loss only if the stock climbs beyond ₹1950 levels

 

₹1132 • Infosys

S1

S2

R1

R2

COMMENT

1120

1110

1143

1150

The stock witnesses buying interest at lower levels. Buy in declines with a stiff stop-loss at ₹1120 levels

 

₹277 • ITC

S1

S2

R1

R2

COMMENT

275

272

280

283

Initiate fresh long positions with a fixed stop-loss if the stock of ITC rebounds up from ₹275 levels

 

₹183 • ONGC

S1

S2

R1

R2

COMMENT

180

171

185

188

Fresh long positions can be initiated with a tight stop-loss if the stock of ONGC advances above ₹185 levels

 

₹941 • Reliance Ind.

S1

S2

R1

R2

COMMENT

930

920

948

958

Consider initiating fresh short positions with a stiff stop-loss only if the stock slumps below ₹930 levels

 

₹246 • SBI

S1

S2

R1

R2

COMMENT

243

239

250

255

Make use of intra-day rallies to initiate fresh short positions while maintaining a fixed stop-loss at ₹250 levels

 

₹3190 • TCS

S1

S2

R1

R2

COMMENT

3170

3150

3210

3130

As long as the stock trades above ₹3170, the near-term view stays positive. Buy in dips with a fixed stop-loss

 

10578 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10540

10500

10625

10665

Consider initiating fresh long positions with a tight stop-loss only if the contract rebounds up from 10,540 levels

 

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

Published on April 19, 2018
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