Day trading guide

Day Trading Guide For April 25

| Updated on April 24, 2018 Published on April 24, 2018

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

₹1936 • HDFC Bank

S1

S2

R1

R2

COMMENT

1925

1915

1945

1955

Consider initiating fresh short positions with a fixed stop-loss only if the stock falls below ₹1925 levels

 

₹1153 • Infosys

S1

S2

R1

R2

COMMENT

1145

1135

1165

1176

Initiate fresh short positions with a stiff stop-loss if the stock of Infosys fails to move beyond ₹1165 levels

 

₹275 • ITC

S1

S2

R1

R2

COMMENT

272

270

277

280

Fresh long positions are recommended with a fixed stop-loss only if the stock of ITC rallies above ₹277 levels

 

₹182 • ONGC

S1

S2

R1

R2

COMMENT

180

178

186

189

Make use of intra-day declines to buy the stock of ONGC while maintaining a fixed stop-loss at ₹180 levels

 

₹969 • Reliance Ind.

S1

S2

R1

R2

COMMENT

960

950

980

990

Near-term outlook is bullish for the stock of RIL. Buy in dips with a tight stop-loss at ₹960 levels

 

₹240 • SBI

S1

S2

R1

R2

COMMENT

235

230

244

248

Initiate fresh long positions with a tight stop-loss only if the stock advances above ₹244 levels

 

₹3385 • TCS

S1

S2

R1

R2

COMMENT

3360

3330

3410

3435

Consider initiating fresh short positions with a tight stop-loss only if the stock declines below ₹3360 levels

 

10617 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10570

10525

10650

10700

Make use of intra-day dips to buy the contract while retaining a tight stop-loss at ₹10,570 levels

 

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

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