Day trading guide

Day Trading Guide for March 26, 2020

| Updated on March 25, 2020 Published on March 26, 2020

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

₹855 • HDFC Bank

S1

S2

R1

R2

COMMENT

840

820

870

890

Make use of intra-day dips to buy the stock while maintaining a stiff stop-loss at ₹840 levels

 

₹605 • Infosys

S1

S2

R1

R2

COMMENT

590

575

620

635

Initiate fresh long positions with a fixed stop-loss if the stock of Infosys rebounds up from ₹590 levels

 

₹147 • ITC

S1

S2

R1

R2

COMMENT

144

140

151

155

Consider initiating fresh long positions with a tight stop-loss only if the stock ITC moves beyond ₹151 levels

 

₹61 • ONGC

S1

S2

R1

R2

COMMENT

58

55

65

70

Fresh long positions are recommended with a stiff stop-loss only if the stock of ONGC climbs above ₹65 levels

 

₹1081 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1050

1025

1100

1125

Make use of intra-day dips to buy the stock of RIL while maintaining a fixed stop-loss at ₹1,050 levels

 

₹189 • SBI

S1

S2

R1

R2

COMMENT

180

173

200

210

Initiate fresh long positions with a stiff stop-loss if the stock of SBI reverses higher from ₹180 levels

 

₹1752 • TCS

S1

S2

R1

R2

COMMENT

1730

1708

1775

1800

Consider initiating fresh long positions with a stiff stop-loss only if the stock TCS rallies above ₹1,775 levels

 

8362 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

8250

8100

8500

8640

Initiate fresh long positions with a tight stop-loss if the contract rebounds up from 8,250 levels

 

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

Published on March 26, 2020
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