Day trading guide

Day Trading Guide for March 31, 2021

| Updated on March 30, 2021

₹1553 • HDFC Bank

S1

S2

R1

R2

COMMENT

1538

1525

1575

1600

Initiate fresh long positions in the stock with stop-loss at ₹1,520 since the price action is bullish

₹1385 • Infosys

S1

S2

R1

R2

COMMENT

1375

1365

1400

1425

Fresh long positions can be initiated with tight stop-loss if the stock of Infosys moves above ₹1,400

₹214 • ITC

S1

S2

R1

R2

COMMENT

210

206

216

220

Consider initiating fresh long positions with stop-loss at ₹210 if the stock sustains above ₹214

₹103 • ONGC

S1

S2

R1

R2

COMMENT

100

96

104

107

The price action is bearish; short the stock with tight stop if it slips below yesterday's low of ₹102.6

₹2029 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2015

1980

2070

2100

Consider initiating fresh long positions in the stock of RIL with stop-loss at ₹1,990

₹360 • SBI

S1

S2

R1

R2

COMMENT

355

350

362

370

Go long in the stock of SBI if it breaches the resistance at ₹360; stop-loss can be placed at ₹356

₹3158 • TCS

S1

S2

R1

R2

COMMENT

3150

3115

3200

3250

Since the stock of TCS is likely to gain, fresh buys can be initiated with stop-loss at ₹3,115

14914 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

14850

14800

14960

15000

Consider initiating long positions on declines with stop-loss at 14,850 since the contract is bullish

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

Published on March 31, 2021

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