Day Trading Guide For April-19

₹1939 • HDFC Bank

S1

S2

R1

R2

COMMENT

1930

1920

1950

1960

Initiate fresh long positions with a tight stop-loss if the stock reverses higher from ₹1930 levels

₹1125 • Infosys

S1

S2

R1

R2

COMMENT

1115

1105

1134

1145

Consider initiating fresh long positions with a stiff stop-loss if the stock climbs beyond ₹1134 levels

₹275 • ITC

S1

S2

R1

R2

COMMENT

272

269

278

281

Outlook is bullish for the stock of ITC. Buy in declines while maintaining a fixed stop-loss at ₹272 levels

₹181 • ONGC

S1

S2

R1

R2

COMMENT

179

176

184

187

Initiate fresh long positions with a fixed stop-loss only if the stock of ONGC rallies above ₹184 levels

₹937 • Reliance Ind.

S1

S2

R1

R2

COMMENT

930

920

946

955

Fresh short positions can be initiated with a stiff stop-loss if the stock reverses down from ₹946 levels

₹246 • SBI

S1

S2

R1

R2

COMMENT

243

239

250

255

Fresh long positions are recommended with tight stop-loss only if the stock moves beyond ₹250 levels

₹3160 • TCS

S1

S2

R1

R2

COMMENT

3140

3120

3180

3200

Initiate fresh short positions with a fixed stop-loss only if the stock of TCS declines below ₹3140 levels

10539 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10500

10450

10580

10625

Fresh short positions can be initiated with a tight stop-loss if the contract falls below 10500 levels

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

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