Day trading guide

Day Trading Guide For April 11

| Updated on April 10, 2018 Published on April 10, 2018

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

₹1919 • HDFC Bank

S1

S2

R1

R2

COMMENT

1910

1900

1930

1940

Initiate fresh short positions with a fixed stop-loss if the stock drops below ₹1910 levels

 

₹1114 • Infosys

S1

S2

R1

R2

COMMENT

1105

1095

1125

1135

Near-term view is negatively biased for the stock. Utilise intra-day rallies to sell it with a stop-loss at ₹1125 levels

 

₹266 • ITC

S1

S2

R1

R2

COMMENT

264

260

268

271

Fresh long positions can be initiated with a tight stop-loss if the stock of ITC reverses higher from ₹264 levels

 

₹180 • ONGC

S1

S2

R1

R2

COMMENT

178

175

183

186

Fresh long positions are recommended with a stiff stop-loss only if the stock of ONGC advances above ₹183 levels

 

₹916 • Reliance Ind.

S1

S2

R1

R2

COMMENT

905

895

925

935

Consider initiating fresh long positions with a tight stop-loss if the stock rebounds up from ₹905 levels

 

₹263 • SBI

S1

S2

R1

R2

COMMENT

259

255

267

273

The stock witnesses buying interest at lower levels. Buy in dips while retaining a fixed stop-loss at ₹259 levels

 

₹2931 • TCS

S1

S2

R1

R2

COMMENT

2908

2880

2955

2975

The stock of TCS is range-bound. Go long only if the stock rallies above ₹2955 levels with a stiff stop-loss

 

10421 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10375

10325

10460

10505

Fresh long positions can be initiated with a tight stop-loss if the contract reverses higher from 10,375 levels

 

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

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