Day trading guide

Day Trading Guide for March 18, 2020

| Updated on March 18, 2020 Published on March 17, 2020

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

₹975 • HDFC Bank

S1

S2

R1

R2

COMMENT

960

945

990

1005

Consider initiating fresh long positions with a fixed stop-loss only if the stock moves beyond ₹990 levels

 

₹555 • Infosys

S1

S2

R1

R2

COMMENT

545

535

566

575

Fresh long positions are recommended with a stiff stop-loss only if the stock of Infosys rallies above ₹566 levels

 

₹149 • ITC

S1

S2

R1

R2

COMMENT

147

143

151

155

Make use of intra-day dips to buy the stock of ITC while maintaining a stiff stop-loss at ₹147 levels

 

₹60 • ONGC

S1

S2

R1

R2

COMMENT

58

56

63

66

Fresh long positions are recommended with a tight stop-loss only if the stock advances above ₹63 levels

 

₹1008 • Reliance Ind.

S1

S2

R1

R2

COMMENT

990

970

1025

1040

Initiate fresh long positions with a stiff stop-loss only if the stock of RIL rallies above ₹1,025 levels

 

₹214 • SBI

S1

S2

R1

R2

COMMENT

209

200

220

228

Fresh short positions can be initiated with a fixed stop-loss if the stock declines below ₹209 levels

 

₹1658 • TCS

S1

S2

R1

R2

COMMENT

1640

1620

1680

1700

Initiate fresh short positions with a stiff stop-loss if the stock of fails to move beyond ₹1,680 levels

 

8915 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

8850

8800

8970

9050

Fresh long positions are recommended with a tight stop-loss only if the contract jumps above 8,970 levels

 

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

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Published on March 17, 2020
technical analysis
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