Day trading guide

Day Trading Guide for April 22, 2021

| Updated on April 21, 2021

₹1390 • HDFC Bank

S1

S2

R1

R2

COMMENT

1375

1360

1404

1425

Fresh short positions can be initiated with a stiff stop-loss if the stock reverses down from ₹1,404 levels

₹1350 • Infosys

S1

S2

R1

R2

COMMENT

1340

1328

1362

1377

Initiate fresh long positions with a tight stop-loss if the stock of Infosys rallies above ₹1,362 levels

₹203 • ITC

S1

S2

R1

R2

COMMENT

201

199

205

208

Near-term outlook is negatively biased for the stock of ITC. Sell on rallies with a stop-loss at ₹205 levels

₹102 • ONGC

S1

S2

R1

R2

COMMENT

100

97

105

108

Make use of intraday rallies to initiate fresh short positions with a fixed stop-loss at ₹105 levels

₹1901 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1880

1860

1920

1940

Consider initiating fresh short positions with a stiff stop-loss only if the stock of RIL declines below ₹1,880

₹329 • SBI

S1

S2

R1

R2

COMMENT

326

321

335

340

Initiate fresh short positions with a tight stop-loss if the stock of SBI fails to move beyond ₹335 levels

₹3144 • TCS

S1

S2

R1

R2

COMMENT

3120

3100

3170

3190

Fresh short positions can be initiated with a fixed stop-loss if the stock reverses down from ₹3,170 levels

14296 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

14240

14180

14360

14420

Consider initiating fresh short positions with a tight stop-loss if the contract fails to rally above 14,360 levels

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

Published on April 22, 2021

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