Day Trading Guide For March-07

₹1851 • HDFC Bank

S1

S2

R1

R2

COMMENT

1840

1830

1865

1875

Fresh short positions can be initiated with a fixed stop-loss if the stock reverses down from ₹1865 levels

₹1146 • Infosys

S1

S2

R1

R2

COMMENT

1135

1125

1157

1168

Initiate fresh long positions with a tight stop-loss if the stock of Infosys moves beyond ₹1157 levels

₹256 • ITC

S1

S2

R1

R2

COMMENT

254

251

258

260

Near-term outlook is bearish for the stock of ITC. Sell the stock in rallies with a fixed stop-loss at ₹258 levels

₹185 • ONGC

S1

S2

R1

R2

COMMENT

182

179

188

191

Consider initiating fresh long positions with a tight stop-loss only if the stock of ONGC moves beyond ₹188 levels

₹910 • Reliance Ind.

S1

S2

R1

R2

COMMENT

900

886

920

930

Fresh short positions are recommended with a stiff stop-loss only if the stock of RIL declines below ₹900

₹256 • SBI

S1

S2

R1

R2

COMMENT

250

244

262

268

Initiate fresh short positions with a tight stop-loss if the stock fails to move beyond ₹262 levels

₹3049 • TCS

S1

S2

R1

R2

COMMENT

3030

3010

3075

3095

Make use of intra-day rallies to initiate fresh short positions while maintaining a fixed stop-loss at ₹3075 levels

10248 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10200

10150

10300

10350

Fresh long positions can be initiated with a tight stop-loss only if the contract advances above 10,300 levels

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

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