Day Trading Guide for April 10

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

₹2290 • HDFC Bank

S1

S2

R1

R2

COMMENT

2277

2265

2300

2315

Consider initiating fresh long positions with a stiff stop-loss if the stock moves beyond ₹2,300 levels

 

₹759 • Infosys

S1

S2

R1

R2

COMMENT

754

747

767

774

Fresh short positions are recommended with a tight stop-loss if the stock falls below ₹754 levels

 

₹296 • ITC

S1

S2

R1

R2

COMMENT

293

290

299

302

Fresh long positions are recommended with a fixed stop-loss only if the stock climbs above ₹299 levels

 

₹157 • ONGC

S1

S2

R1

R2

COMMENT

155

152

161

164

Initiate fresh long positions with a stiff stop-loss if the stock of ONGC rebounds up from ₹152 levels

 

₹1335 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1321

1305

1350

1365

Consider initiating fresh long positions with a tight stop-loss only if the stock of RIL advances above ₹1,350

 

₹315 • SBI

S1

S2

R1

R2

COMMENT

308

302

320

326

Fresh long positions can be initiated with a fixed stop-loss if the stock of SBI reverses higher from ₹308 levels

 

₹2088 • TCS

S1

S2

R1

R2

COMMENT

2070

2050

2110

2130

Make use of intra-day dips to buy the stock of TCS while maintaining a stiff stop-loss at ₹2,070 levels

 

11742 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11690

11640

11785

11830

Fresh long positions can be initiated with a tight stop-loss if the contract reverses higher from 11,690 levels

 

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

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