Day Trading Guide For April-16

₹2285 • HDFC Bank

S1

S2

R1

R2

COMMENT

2272

2260

2300

2315

Fresh long positions are recommended with a fixed stop-loss only if the stock moves beyond ₹2,300 levels

₹726 • Infosys

S1

S2

R1

R2

COMMENT

719

710

733

740

Initiate fresh long positions with a tight stop-loss if the stock of Infosys reverses higher from ₹719 levels

₹305 • ITC

S1

S2

R1

R2

COMMENT

302

299

307

310

Make use of intra-day dips buy the stock of ITC while maintaining a stiff stop-loss at ₹302 levels

₹156 • ONGC

S1

S2

R1

R2

COMMENT

153

150

159

162

Fresh short positions are recommended with a tight stop-loss only if the stock falls below ₹153 levels

₹1339 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1326

1310

1355

1370

Consider initiating fresh long positions with a fixed stop-loss only if the stock rallies above ₹1,355 levels

₹315 • SBI

S1

S2

R1

R2

COMMENT

308

300

320

326

Fresh short positions can be initiated with a stiff stop-loss if the stock of SBI reverses down from ₹320 levels

₹2110 • TCS

S1

S2

R1

R2

COMMENT

2090

2070

2130

2150

Near-term outlook is bullish for the stock of TCS. Buy in declines with a fixed stop-loss at ₹2,090 levels

11727 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11680

11630

11780

11825

Fresh long positions can be initiated with a tight stop-loss if the contract rebounds up from 11,680 levels

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

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