Day trading guide

Day Trading Guide for April 27, 2021

| Updated on April 27, 2021

₹1404 • HDFC Bank

S1

S2

R1

R2

COMMENT

1390

1375

1425

1440

Fresh short positions can be initiated with a fixed stop-loss if the stock falls below ₹1,390 levels

₹1343 • Infosys

S1

S2

R1

R2

COMMENT

1335

1322

1355

1370

Consider initiating fresh long positions with a stiff stop-loss only if the stock rallies above ₹1,355 levels

₹205 • ITC

S1

S2

R1

R2

COMMENT

203

201

208

211

Fresh short positions are recommended with a fixed stop-loss only if the stock of ITC declines below ₹203

₹102 • ONGC

S1

S2

R1

R2

COMMENT

100

97

105

108

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

₹1937 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1920

1900

1950

1970

The stock experienced selling interest at higher levels. Go short if the stock fails to move beyond ₹1,950

₹344 • SBI

S1

S2

R1

R2

COMMENT

339

334

349

355

Initiate fresh long positions with a tight stop-loss if the stock of SBI rebounds up from ₹339 levels

₹3101 • TCS

S1

S2

R1

R2

COMMENT

3075

3050

3120

3150

Fresh short positions are recommended with a stiff stop-loss only if the stock falls below ₹3075 levels

14486 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

14425

14360

14550

14610

Consider initiating fresh long positions with a tight stop-loss only if the contract advances above 14,550

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

Published on April 27, 2021

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