Day trading guide

Day Trading Guide for March 11, 2020

| Updated on March 10, 2020 Published on March 11, 2020

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

₹1100 • HDFC Bank

S1

S2

R1

R2

COMMENT

1086

1072

1115

1130

Fresh long positions can be initiated with a tight stop-loss only if the stock moves beyond ₹1,115 levels

 

₹703 • Infosys

S1

S2

R1

R2

COMMENT

690

680

712

724

Make use of intra-day rallies to initiate fresh short positions while maintaining a fixed stop-loss at ₹712 levels

 

₹177 • ITC

S1

S2

R1

R2

COMMENT

174

171

180

183

Initiate fresh long positions with a stiff stop-loss only if the stock of ITC reverses higher from ₹174 levels

 

₹74 • ONGC

S1

S2

R1

R2

COMMENT

73

71

78

81

Consider initiating fresh long positions with a tight stop-loss only if the stock of ONGC rallies above ₹78 levels

 

₹1113 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1100

1085

1130

1145

Initiate fresh long positions with a tight stop-loss only if the stock of RIL gains above ₹1,130 levels

 

₹253 • SBI

S1

S2

R1

R2

COMMENT

247

240

260

267

Consider initiating fresh long positions with a fixed stop-loss if the stock of SBI rebounds up from ₹247 levels

 

₹1972 • TCS

S1

S2

R1

R2

COMMENT

1950

1930

1995

2020

Fresh short positions can be initiated with a stiff stop-loss if the stock reverses down from ₹1,995 levels

 

10462 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10400

10350

10510

10575

Initiate fresh long positions with a tight stop-loss only if the contract advances above 10,510 levels

 

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

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Published on March 11, 2020
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