Day Trading Guide for April 26, 2019

 

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

₹2264 • HDFC Bank

S1

S2

R1

R2

COMMENT

2250

2235

2277

2292

Initiate fresh short positions with a stiff stop-loss if the stock fails to move beyond ₹2,275 levels

 

₹731 • Infosys

S1

S2

R1

R2

COMMENT

725

718

737

743

Consider initiating fresh long positions with a tight stop-loss only if the stock rallies above ₹737 levels

 

₹304 • ITC

S1

S2

R1

R2

COMMENT

302

299

308

311

Fresh short positions can be initiated with a fixed stop-loss if the stock of ITC fails to move beyond ₹308 levels

 

₹168 • ONGC

S1

S2

R1

R2

COMMENT

165

162

171

174

Make use of intra-day declines to buy the stock of ONGC while maintaining a tight stop-loss at ₹165 levels

 

₹1374 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1360

1345

1390

1405

Initiate fresh short positions with a stiff stop-loss only if the stock declines below ₹1,360 levels

 

₹306 • SBI

S1

S2

R1

R2

COMMENT

300

295

312

320

Consider initiating fresh short positions with a stiff stop-loss if the stock of SBI reverses down from ₹312 levels

 

₹2191 • TCS

S1

S2

R1

R2

COMMENT

2170

2150

2210

2230

Fresh long positions are recommended with a fixed stop-loss only if the stock of TCS moves beyond ₹2,210 levels

 

11652 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11600

11550

11700

11750

Fresh long positions can be initiated with a tight stop-loss only if the contract rallies above 11,700 levels

 

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

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