Day trading guide

Day Trading Guide For March-27

| Updated on March 26, 2019 Published on March 27, 2019

While the scrip of Dena Bank plunged 19.78 per cent, Vijaya Bank tanked 6.76 per cent. File Photo   -  BusinessLine

₹2310 • HDFC Bank

S1

S2

R1

R2

COMMENT

2290

2275

2335

2400

Outlook is bullish. Go long and also accumulate on dips. Stop-loss can be placed at ₹2,275

₹727 • Infosys

S1

S2

R1

R2

COMMENT

720

705

733

745

Resistance ahead. Go long with a stop-loss at ₹715 only if Infosys breaks above ₹733.

₹293 • ITC

S1

S2

R1

R2

COMMENT

290

284

297

300

Initiate fresh short positions with a stop-loss at ₹294 only if ITC breaks below ₹290.

₹159 • ONGC

S1

S2

R1

R2

COMMENT

157

153

163

167

Near-term outlook is unclear. Avoid trading this stock until a clear trade signal emerges.

₹1367 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1350

1320

1385

1400

Upmove is gaining momentum. Go long and also accumulate on dips with a stop-loss at ₹1,340

₹303 • SBI

S1

S2

R1

R2

COMMENT

300

294

307

312

Initiate fresh long positions only if SBI breaks above ₹307. Keep the stop-loss ast ₹203.

₹1982 • TCS

S1

S2

R1

R2

COMMENT

1978

1960

2003

2030

Wait for rallies and go short with a stop-loss at ₹2,015 if TCS reverses lower from ₹2,003.

11522 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11490

11440

11555

11590

Near-term outlook is positive. Initiate fresh long positions with a stop-loss at ₹11,475.

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

Published on March 27, 2019

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