Day Trading Guide For April 27

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

₹1930 • HDFC Bank

S1

S2

R1

R2

COMMENT

1920

1910

1940

1950

Initiate fresh short positions with a fixed stop-loss only if the stock declines below ₹1920 levels

 

₹1175 • Infosys

S1

S2

R1

R2

COMMENT

1165

1154

1185

1196

Fresh long positions are recommended with a stiff stop-loss only if the stock of Infosys climbs above ₹1185 levels

 

₹278 • ITC

S1

S2

R1

R2

COMMENT

275

273

280

283

As long as the stock trades above ₹275, the near-term outlook is bullish for the stock of ITC. Buy in dips

 

₹181 • ONGC

S1

S2

R1

R2

COMMENT

178

175

183

186

Consider initiating fresh long positions with a fixed stop-loss if the stock of ONGC moves beyond ₹183 levels

 

₹975 • Reliance Ind.

S1

S2

R1

R2

COMMENT

963

952

985

995

Initiate fresh long positions with a tight stop-loss if the stock advances above ₹985 levels

 

₹233 • SBI

S1

S2

R1

R2

COMMENT

230

225

236

240

The stock tests a key support. Initiate fresh long positions with a stiff stop-loss only on a strong rally above ₹236

 

₹3540 • TCS

S1

S2

R1

R2

COMMENT

3515

3490

3560

3580

Fresh short positions are recommended with a stiff stop-loss only if the stock declines below ₹3515 levels

 

10612 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10570

10520

10650

10700

Consider initiating fresh long positions with a tight stop-loss if the contract rallies above 10650 levels

 

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

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