Day trading guide

Day Trading Guide for March 25, 2021

| Updated on March 24, 2021

₹1478 • HDFC Bank

S1

S2

R1

R2

COMMENT

1474

1460

1500

1510

Consider initiating fresh short positions with a fixed stop-loss if the stock breaks below ₹1,474

₹1353 • Infosys

S1

S2

R1

R2

COMMENT

1350

1325

1365

1380

Stock trading within the range of ₹1,350 and ₹1,365; initiate trade along the direction of the break

₹216 • ITC

S1

S2

R1

R2

COMMENT

212

206

220

225

The stock might decline further and so, consider fresh short positions for intraday with tight stop-loss

₹105 • ONGC

S1

S2

R1

R2

COMMENT

104

100

110

113

Consider initiating fresh long positions with a stop-loss at ₹104 if the stock rallies above ₹106

₹2047 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2030

2000

2080

2100

Buy the stock of RIL with a tight stop-loss if it bounces off the support at ₹2,030

₹359 • SBI

S1

S2

R1

R2

COMMENT

358

350

366

373

Trend is down but the stock has support at ₹358; so, short the stock with tight stop if it slips below ₹358

₹3121 • TCS

S1

S2

R1

R2

COMMENT

3055

3000

3150

3230

Consider going long in the stock if it breaches the resistance at ₹3,150; stop-loss can be at ₹3,100

14555 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

14500

14400

14600

14660

Short the contract with a fixed stop-loss if it is unable to move beyond 14,600 levels

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

Published on March 25, 2021

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor