Day trading guide

Day Trading Guide For March-27

| Updated on March 26, 2020 Published on March 27, 2020

₹913 • HDFC Bank

S1

S2

R1

R2

COMMENT

897

880

926

940

Initiate fresh long positions with a tight stop-loss if the stock rebounds up from ₹897 levels

₹646 • Infosys

S1

S2

R1

R2

COMMENT

635

625

655

670

Near-term view is bullish for the stock of Infosys. Buy in declines with a stiff stop-loss at ₹635 levels

₹157 • ITC

S1

S2

R1

R2

COMMENT

152

147

162

170

Make use of intra-day declines to buy the stock of ITC while retaining a fixed stop-loss at ₹152 levels

₹64 • ONGC

S1

S2

R1

R2

COMMENT

61

58

69

74

Fresh long positions can be initiated with a stiff stop-loss if the stock of ONGC reverses higher from ₹61 levels

₹1074 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1050

1025

1100

1125

The stock of RIL tests a key resistance at ₹1,100. Go long with a fixed stop-loss on a strong rally above this levels

₹192 • SBI

S1

S2

R1

R2

COMMENT

182

175

200

210

Fresh long positions are recommended with a tight stop-loss only if the stock of SBI moves beyond ₹200 levels

₹1806 • TCS

S1

S2

R1

R2

COMMENT

1780

1755

1825

1850

Initiate fresh long positions with a fixed stop-loss only if the stock advances above ₹1,825 levels

8630 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

8500

8360

8720

8855

Consider initiate fresh long positions with a tight stop-loss if the contract reverses higher from 8,500 levels

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

Published on March 27, 2020
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.