Day trading guide

Day Trading Guide for April 5, 2019

| Updated on April 04, 2019 Published on April 05, 2019

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

₹2284 • HDFC Bank

S1

S2

R1

R2

COMMENT

2270

2265

2298

2312

Initiate fresh short positions with a tight stop-loss if the stock fails to move beyond ₹2,298 levels

 

₹748 • Infosys

S1

S2

R1

R2

COMMENT

740

732

755

763

Fresh long positions are recommended with a fixed stop-loss only if the stock advances above ₹755 levels

 

₹294 • ITC

S1

S2

R1

R2

COMMENT

292

289

297

300

Consider initiating fresh short positions with a tight stop-loss if the stock of ITC falls below ₹292 levels

 

₹155 • ONGC

S1

S2

R1

R2

COMMENT

152

149

158

161

Fresh short positions can be initiated with a stiff stop-loss if the stock of ONGC reverses down from ₹158 levels

 

₹1353 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1340

1335

1370

1384

Consider initiating fresh long positions with a fixed stop-loss only if the stock moves beyond ₹1,370 levels

 

₹321 • SBI

S1

S2

R1

R2

COMMENT

313

305

326

333

Fresh long positions are recommended with a tight stop-loss if the stock of SBI climbs above ₹326 levels

 

₹2014 • TCS

S1

S2

R1

R2

COMMENT

1993

1970

2035

2055

The stock witnesses selling pressure at higher levels. Selling intra-day rallies with a fixed stop-loss at ₹2035 levels

 

11679 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11630

11580

11730

11780

Fresh short positions can be initiated with a tight stop-loss only if the contract declines below 11,630 levels

 

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

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Published on April 05, 2019
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