Day trading guide

Day Trading Guide for April 29, 2021

| Updated on April 28, 2021

₹1476 • HDFC Bank

S1

S2

R1

R2

COMMENT

1463

1450

1490

1505

Initiate fresh long positions with a fixed stop-loss if the stock reverses higher from ₹1,463 levels

₹1355 • Infosys

S1

S2

R1

R2

COMMENT

1344

1330

1367

1380

Fresh long positions are recommended with a tight stop-loss only if the stock of Infosys moves above ₹1367

₹205 • ITC

S1

S2

R1

R2

COMMENT

203

201

208

211

Consider initiating fresh short positions with a stiff stop-loss if the stock declines below ₹203 levels

₹103 • ONGC

S1

S2

R1

R2

COMMENT

101

98

105

108

Initiate fresh short positions with a tight stop-loss only if the stock of ONGC falls below ₹101 levels

₹1996 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1980

1960

2015

2035

The stock of RIL tests a key resistance at current levels. Go long with a fixed stop-loss on a rally above ₹2,015

₹363 • SBI

S1

S2

R1

R2

COMMENT

358

352

367

373

Make use of intraday dips to buy the stock of SBI while maintaining a stiff stop-loss at ₹358 levels

₹3123 • TCS

S1

S2

R1

R2

COMMENT

3100

3075

3150

3175

Initiate fresh short positions with a fixed stop-loss only if the stock declines below ₹3,100 levels

14855 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

14800

14730

14910

14970

Fresh long positions can be initiated with a tight stop-loss only if the contract reverses higher from 14,800 levels

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

Published on April 29, 2021

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.