Day Trading Guide for April 18, 2019

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

₹2304 • HDFC Bank

S1

S2

R1

R2

COMMENT

2290

2275

3015

3027

Initiate fresh long positions with a stiff stop-loss if the stock rebounds up from ₹2,290 levels

 

₹723 • Infosys

S1

S2

R1

R2

COMMENT

717

710

733

740

Consider initiating fresh long positions with a fixed stop-loss only if the stock moves beyond ₹733 levels

 

₹307 • ITC

S1

S2

R1

R2

COMMENT

305

302

310

313

Fresh short positions can be initiated with a tight stop-loss if the stock of ITC fails to rally above ₹310 levels

 

₹160 • ONGC

S1

S2

R1

R2

COMMENT

157

154

163

166

Make use of intra-day dips to buy the stock of ONGC while maintaining a fixed stop-loss at ₹157 levels

 

₹1345 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1332

1318

1357

1370

Fresh long positions are recommended with a tight stop-loss only if the stock advances above ₹1,357 levels

 

₹315 • SBI

S1

S2

R1

R2

COMMENT

308

300

320

326

Consider initiating fresh short positions with a stiff stop-loss if the stock of SBI falls below ₹308 levels

 

₹2132 • TCS

S1

S2

R1

R2

COMMENT

2110

2090

2150

2170

Initiate fresh long positions with a fixed stop-loss if the stock of TCS reverses higher from ₹2,110 levels

 

11824 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11775

11725

11875

11925

Initiate fresh long positions with a tight stop-loss if the contract reverses higher from 11,775 levels

 

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

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