Day trading guide

Day Trading Guide For April 9

| Updated on April 08, 2019 Published on April 09, 2019

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

₹2288 • HDFC Bank

S1

S2

R1

R2

COMMENT

2275

2265

2300

2315

Fresh short positions can be initiated with a stiff stop-loss if the stock reverses down from ₹2,300 levels

 

₹767 • Infosys

S1

S2

R1

R2

COMMENT

760

754

772

780

Near-term stance is bullish for the stock of Infosys. Buy in declines while retaining a stop-loss at ₹760 levels

 

₹292 • ITC

S1

S2

R1

R2

COMMENT

289

286

295

298

Initiate fresh short positions with a tight stop-loss if the stock of ITC falls below ₹289 levels

 

₹158 • ONGC

S1

S2

R1

R2

COMMENT

155

152

161

164

Make use of intra-day decline to buy the stock while maintaining a stiff stop-loss at ₹155 levels

 

₹1329 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1315

1300

1345

1360

Fresh short positions can be initiated with a fixed stop-loss if the stock fails to move beyond ₹1,345 levels

 

₹312 • SBI

S1

S2

R1

R2

COMMENT

306

300

319

326

Consider initiating fresh short positions with a tight stop-loss if the stock of SBI declines below ₹306 levels

 

₹2069 • TCS

S1

S2

R1

R2

COMMENT

2050

2030

2090

2110

Fresh long positions are recommended with a stiff stop-loss only if the stock advances above ₹2090 levels

 

11675 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11625

11575

11730

11780

Initiate fresh long positions with a tight stop-loss only if the contract rallies above ₹11,730 levels

 

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

Published on April 09, 2019

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