Day trading guide

Day Trading Guide for March 25, 2020

| Updated on March 24, 2020 Published on March 24, 2020

₹765 • HDFC Bank

S1

S2

R1

R2

COMMENT

754

740

780

800

Fresh long positions are recommended with a tight stop-loss only if the stock moves beyond ₹780 levels

₹593 • Infosys

S1

S2

R1

R2

COMMENT

578

560

605

620

Make use of intra-day declines to buy the stock while retaining a fixed stop-loss at ₹578 levels

₹149 • ITC

S1

S2

R1

R2

COMMENT

144

140

154

158

Fresh short positions are recommended with a stiff stop-loss only if the stock of ITC declines below ₹144 levels

₹62 • ONGC

S1

S2

R1

R2

COMMENT

59

56

66

70

Consider initiating fresh long positions with a tight stop-loss only if the stock rallies above ₹66 levels

₹943 • Reliance Ind.

S1

S2

R1

R2

COMMENT

920

900

960

980

Initiate fresh long positions with a fixed stop-loss if the stock of RIL rebounds up from ₹920 levels

₹183 • SBI

S1

S2

R1

R2

COMMENT

175

165

190

200

Fresh long positions can be initiated with a stiff stop-loss if the stock of SBI jumps above ₹190 levels

₹1702 • TCS

S1

S2

R1

R2

COMMENT

1675

1650

1725

1750

Initiate fresh long positions with a fixed stop-loss only if the stock reverses higher from ₹1,675 levels

7849 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

7750

7650

7950

8100

Fresh long position can be initiated with a tight stop-loss if the contract reverses higher from 7,750 levels

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

Published on March 24, 2020
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