Day Trading Guide For April 4

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

₹1916 • HDFC Bank

S1

S2

R1

R2

COMMENT

1908

1898

1925

1935

Initiate fresh long positions can be initiated with a stiff stop-loss if the stock reverses higher from ₹1908 levels

₹1140 • Infosys

S1

S2

R1

R2

COMMENT

1130

1120

1150

1158

Consider initiating fresh short positions with a tight stop-loss only if the stock declines below ₹1130 levels

₹258 • ITC

S1

S2

R1

R2

COMMENT

255

253

261

264

Fresh long positions are recommended with a fixed stop-loss if the stock ITC rallies above ₹261 levels

₹177 • ONGC

S1

S2

R1

R2

COMMENT

175

172

181

184

Initiate fresh short positions with a tight stop-loss if the stock of ONGC fails to move beyond ₹181 levels

₹898 • Reliance Ind.

S1

S2

R1

R2

COMMENT

890

880

911

920

Initiate fresh long positions with a fixed stop-loss it the stock rebounds up from ₹890 levels

₹250 • SBI

S1

S2

R1

R2

COMMENT

245

240

255

260

Consider initiating fresh short positions with a tight stop-loss if the stock of SBI reverses higher from ₹245 levels

₹2908 • TCS

S1

S2

R1

R2

COMMENT

2890

2870

2930

2950

The stock witnesses buying interest at lower levels. Buy in dips while maintaining a fixed stop at ₹2890 levels

10285 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10235

10178

10325

10375

Make use of intra-day declines to buy the contract while retaining a tight stop-loss at 10235 levels

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

Read the rest of this article by Signing up for Portfolio.It's completely free!

What You'll Get





TOPICS

Related

This article is closed for comments.
Please Email the Editor