Day trading guide

Day Trading Guide for April 24, 2019

BL Research Bureau | Updated on April 23, 2019 Published on April 24, 2019

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

₹2245 • HDFC Bank

S1

S2

R1

R2

COMMENT

2233

2220

2260

2275

Initiate fresh short positions with a fixed stop-loss if the stock fails to rallies above ₹2,260 levels

 

₹727 • Infosys

S1

S2

R1

R2

COMMENT

720

713

732

740

Fresh long positions can be initiated with a stiff stop-loss if the stock rebounds up from ₹720 levels

 

₹303 • ITC

S1

S2

R1

R2

COMMENT

300

297

306

309

Fresh long positions are recommended with a tight stop-loss only if the stock of ITC moves beyond ₹306 levels

 

₹163 • ONGC

S1

S2

R1

R2

COMMENT

161

157

167

170

Witnessing buying interest, the stock of ONGC gained 4 per cent last session. Buy in declines with a fixed stop-loss

 

₹1363 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1350

1335

1375

1390

Initiate fresh long positions with a tight stop-loss only if the stock of RIL advances above ₹1,375 levels

 

₹305 • SBI

S1

S2

R1

R2

COMMENT

300

294

311

317

Consider initiating fresh short positions with a tight stop-loss if the stock SBI fails to move beyond ₹311 levels

 

₹2157 • TCS

S1

S2

R1

R2

COMMENT

2140

2120

2180

2200

Initiate fresh long positions with a stiff stop-loss if the stock reverses higher from ₹2,140 levels

 

11586 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11535

11490

11632

11680

Fresh long positions are recommended with a tight stop-loss only if the contract moves above 11,632 levels

 

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

Published on April 24, 2019

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