Day trading guide

Day Trading Guide for March 18, 2021

| Updated on March 17, 2021

₹1495 • HDFC Bank

S1

S2

R1

R2

COMMENT

1480

1466

1510

1525

Initiate fresh short positions with a stiff stop-loss if the stock reverses down from ₹1,510 levels

₹1387 • Infosys

S1

S2

R1

R2

COMMENT

1375

1360

1399

1410

Consider initiating fresh long positions with a fixed stop-loss only if the stock rallies above ₹1,399 levels

₹210 • ITC

S1

S2

R1

R2

COMMENT

208

205

212

215

Make use of intraday declines to initiate fresh long positions with a tight stop-loss at ₹208 levels

₹109 • ONGC

S1

S2

R1

R2

COMMENT

107

104

112

115

The stock of ONGC is witnessing selling interest at higher levels. Sell on rallies with a fixed stop-loss

₹2055 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2040

2025

2070

2085

Fresh short positions can be initiated with a stiff stop-loss if the stock fails to move beyond ₹2,070 levels

₹368 • SBI

S1

S2

R1

R2

COMMENT

360

350

373

378

Initiate fresh short positions with a tight stop-loss if the stock of SBI reverses down from ₹373 levels

₹3112 • TCS

S1

S2

R1

R2

COMMENT

3085

3060

3130

3155

Fresh long positions can be initiated with a stiff stop-loss if the stock rebounds up from ₹3,085 levels

14771 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

14720

14660

14830

14900

Fresh long positions are recommended with a fixed stop-loss only if the contract advances above 14,830 levels

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

Published on March 18, 2021

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