Day trading guide

Day Trading Guide for April 28, 2021

| Updated on April 27, 2021

₹1438 • HDFC Bank

S1

S2

R1

R2

COMMENT

1425

1390

1440

1475

Go long in the stock with stop-loss at ₹1,425 if it decisively breaches the resistance at ₹1,440.

₹1348 • Infosys

S1

S2

R1

R2

COMMENT

1335

1322

1355

1370

Consider initiating fresh long positions with tight stop-loss if the stock rallies above ₹1,355.

₹205 • ITC

S1

S2

R1

R2

COMMENT

203

201

208

211

Stock trading in the range of ₹204-207. Initiate fresh trades along the direction of the break.

₹103 • ONGC

S1

S2

R1

R2

COMMENT

100

97

105

108

Scrip is oscillating between ₹102 and ₹105. Take new trades in the direction of the break.

₹1988 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1965

1940

2000

2050

Buy the stock of RIL if it invalidates the resistance at ₹2,000. Maintain a tight stop-loss.

₹353 • SBI

S1

S2

R1

R2

COMMENT

350

344

360

364

Stock seems to be gaining bullish momentum; considering buying with a stop-loss at ₹347

₹3132 • TCS

S1

S2

R1

R2

COMMENT

3100

3050

3150

3200

Fresh long positions can be initiated with stop-loss at ₹3,115 if the scrip breaches ₹3,150

14644 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

14600

14530

14700

14800

Trend looks positive and so, go long in the contract with stop-loss at 14,600 if it opens higher

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

Published on April 28, 2021

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