Day Trading Guide for April 5

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

₹1884 • HDFC Bank

S1

S2

R1

R2

COMMENT

1875

1860

1895

1908

Fresh short positions can be initiated with a fixed stop-loss if the stock fails to move beyond ₹1895 levels

 

₹1124 • Infosys

S1

S2

R1

R2

COMMENT

1112

1100

1135

1145

Make use of intra-day rallies to sell the stock of Infosys while retaining a stiff stop-loss at 1135 levels

 

₹258 • ITC

S1

S2

R1

R2

COMMENT

255

253

261

264

Consider initiating fresh long positions with a tight stop-loss only if the stock of ITC rallies above ₹261 levels

 

₹175 • ONGC

S1

S2

R1

R2

COMMENT

172

169

177

181

Fresh short positions can be initiated with a tight stop-loss if the stock of ONGC declines below ₹172 levels

 

₹895 • Reliance Ind.

S1

S2

R1

R2

COMMENT

885

875

906

915

Fresh short positions are recommended with a stiff stop-loss if the stock falls below ₹885 levels

 

₹246 • SBI

S1

S2

R1

R2

COMMENT

240

235

250

255

Utilise intra-day rallies to initiate fresh short positions while maintaining a fixed stop-loss at ₹250 levels

 

₹2907 • TCS

S1

S2

R1

R2

COMMENT

2890

2870

2930

2950

Can take long positions with a stiff stop-loss only if the stock of TCS advances above ₹2930 levels

 

10146 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10100

10050

10178

10235

Fresh short positions can be initiated with a tight stop-loss if the contract slumps below 10,100 levels

 

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

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