Day Trading Guide For March-07

₹2103 • HDFC Bank

S1

S2

R1

R2

COMMENT

2091

2075

2115

2130

Initiate fresh long positions with a stiff stop-loss only if the stock reverses higher from ₹2,091 levels

₹732 • Infosys

S1

S2

R1

R2

COMMENT

725

717

740

748

Consider initiating fresh short positions with a tight stop-loss only if the stock of Infosys falls below ₹725 levels

₹285 • ITC

S1

S2

R1

R2

COMMENT

282

279

288

291

As long as the stock trades above the key support level of ₹279, the near-term view is positive. Buy in dips

₹154 • ONGC

S1

S2

R1

R2

COMMENT

151

148

158

161

Fresh long positions can be initiated with a fixed stop-loss if the stock bounces up from ₹151 levels

₹1263 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1250

1235

1280

1295

Make use of intra-day declines to buy the stock of RIL while retaining a stiff stop-loss at ₹1,250 levels

₹277 • SBI

S1

S2

R1

R2

COMMENT

272

266

282

290

The stock tests a key resistance and correction is possible. Make use of decline to buy it with a fixed stop-loss

₹1999 • TCS

S1

S2

R1

R2

COMMENT

1980

1960

2020

2040

Fresh long positions are recommended with a stiff stop-loss only if the stock rallies above ₹2,020 levels

11086 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11035

10970

11125

11175

Initiate fresh long positions with a tight stop-loss if the contract reverses higher from 11,035 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





Related

This article is closed for comments.
Please Email the Editor