Day trading guide

Day Trading Guide for March 31, 2020

| Updated on March 30, 2020

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

₹833 • HDFC Bank

S1

S2

R1

R2

COMMENT

815

800

850

870

Fresh short positions can be initiated with a fixed stop-loss if the stock fails to move beyond ₹850 levels

 

₹627 • Infosys

S1

S2

R1

R2

COMMENT

615

600

640

655

Consider initiate fresh long positions with a tight stop-loss only if the stock climbs above ₹640 levels

 

₹159 • ITC

S1

S2

R1

R2

COMMENT

156

152

163

167

Initiate fresh long positions with a tight stop-loss only if the stock of ITC reverses higher from ₹156 levels

 

₹63 • ONGC

S1

S2

R1

R2

COMMENT

61

58

66

70

Make use of intra-day declines to buy the stock of ONGC while maintaining a stiff stop-loss at ₹61 levels

 

₹1032 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1010

990

1050

1070

Fresh short positions can be initiated with a tight stop-loss if the stock of RIL declines below ₹1,010 levels

 

₹186 • SBI

S1

S2

R1

R2

COMMENT

178

170

194

205

Initiate fresh long positions with a stiff stop-loss only if the stock of SBI advances above ₹194 levels

 

₹1776 • TCS

S1

S2

R1

R2

COMMENT

1750

1725

1800

1825

Make use of intra-day dips to buy the stock of TCS while retaining a tight stop-loss at ₹1,750 levels

 

8290 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

8200

8100

8400

8500

Fresh long positions are recommended with a fixed stop-loss only if the contract moves beyond ₹8,400 levels

 

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

Published on March 31, 2020

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