Day Trading Guide For April-03

₹1930 • HDFC Bank

S1

S2

R1

R2

COMMENT

1919

1908

1940

1950

Make use of intra-day dips to buy the stock while maintaining a fixed stop-loss at ₹1919 levels

₹1137 • Infosys

S1

S2

R1

R2

COMMENT

1130

1120

1146

1158

Fresh long positions are recommended with a stiff stop-loss only if the stock of Infosys moves beyond ₹1146

₹258 • ITC

S1

S2

R1

R2

COMMENT

255

253

261

264

Initiate fresh long positions with a tight stop-loss if the stock of ITC reverses higher from ₹255 levels

₹180 • ONGC

S1

S2

R1

R2

COMMENT

178

175

182

185

Consider initiating fresh long positions with a stiff stop-loss only if the stock advances above ₹182 levels

₹892 • Reliance Ind.

S1

S2

R1

R2

COMMENT

880

870

900

911

Initiate fresh long positions with a fixed stop-loss only if the stock of RIL climbs beyond ₹900 levels

₹246 • SBI

S1

S2

R1

R2

COMMENT

242

237

250

255

Fresh short positions are recommended with a tight stop-loss if the stock drops below ₹242 levels

₹2902 • TCS

S1

S2

R1

R2

COMMENT

2880

2860

2920

2940

Utilise intra-day dips to buy the stock while retaining a stiff stop-loss at ₹2880 levels

10264 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10210

10160

10300

10350

Initiate fresh long positions with a tight stop-loss if the contract rebounds up from 10210 levels

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

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