Day trading guide

Day Trading Guide for April 23, 2019

| Updated on April 23, 2019 Published on April 23, 2019

₹2268 • HDFC Bank

S1

S2

R1

R2

COMMENT

2255

2240

2280

2295

Fresh short positions can be initiated with a tight stop-loss if the stock reverses down from ₹2,280 levels

₹720 • Infosys

S1

S2

R1

R2

COMMENT

713

707

726

732

Initiate fresh long positions with a stiff stop-loss if the stock of Infosys moves beyond ₹726 levels

₹301 • ITC

S1

S2

R1

R2

COMMENT

299

296

304

307

Make use of intra-day rallies to go short on the stock while maintaining a fixed stop-loss at ₹304 levels

₹157 • ONGC

S1

S2

R1

R2

COMMENT

154

151

161

164

Fresh short positions are recommended with a fixed stop-loss only if the stock of ONGC falls below ₹151 levels

₹1344 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1332

1318

1357

1370

Consider initiating fresh short positions with a tight stop-loss if the stock of RIL declines below ₹1,332 levels

₹310 • SBI

S1

S2

R1

R2

COMMENT

305

300

316

322

Initiate fresh long positions with a stiff stop-loss only if the stock of SBI rallies above ₹316 levels

₹2164 • TCS

S1

S2

R1

R2

COMMENT

2140

2120

2180

2200

Make use of intra-day dips to buy the stock of TCS while retaining a tight stop-loss at ₹2,140 levels

11618 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11569

11520

11670

11720

Consider initiating fresh short positions with a tight stop-loss only if the contract fails to move beyond 11,670 levels

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

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