Day Trading Guide For April 13

 

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

₹1926 • HDFC Bank

S1

S2

R1

R2

COMMENT

1915

1905

1935

1950

Consider initiating fresh long positions with a fixed stop-loss only if the stock advances above ₹1935 levels

 

₹1162 • Infosys

S1

S2

R1

R2

COMMENT

1150

1140

1172

1185

The near-term view stays bullish as long as the stock trades above ₹1150 levels. Buy in declines

 

₹262 • ITC

S1

S2

R1

R2

COMMENT

260

257

265

267

Fresh long positions can be initiated with a stiff stop-loss if the stock of ITC reverses higher from ₹260 levels

 

₹181 • ONGC

S1

S2

R1

R2

COMMENT

179

176

185

188

Fresh long positions are recommended with a tight stop-loss only if the stock of ONGC rallies above ₹185 levels

 

₹927 • Reliance Ind.

S1

S2

R1

R2

COMMENT

920

910

940

950

Initiate fresh long positions with a fixed stop-loss only if the stock of RIL rebounds up from ₹920 levels

 

₹254 • SBI

S1

S2

R1

R2

COMMENT

250

245

257

263

Make use of intra-day rallies to initiate fresh short positions while maintaining a fixed stop-loss at ₹257 levels

 

₹3137 • TCS

S1

S2

R1

R2

COMMENT

3115

3095

3160

3180

Outlook is bullish for the stock of TCS. Utilise intra-day dips to buy the stock with a stiff stop-loss at ₹3115 levels

 

10465 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10415

10375

10505

10550

Initiate fresh long positions with a fixed stop-loss if the contract reverses higher from 10,415 levels

 

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

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