Day Trading Guide For March-13

₹1866 • HDFC Bank

S1

S2

R1

R2

COMMENT

1855

1845

1875

1885

Make use of intra-day dips to initiate fresh long positions with a stiff stop-loss placed at ₹1855 levels

₹1185 • Infosys

S1

S2

R1

R2

COMMENT

1175

1165

1195

1210

Near-term outlook is bullish for the stock of Infosys. Buy in declines with a fixed stop-loss at ₹1175 levels

₹270 • ITC

S1

S2

R1

R2

COMMENT

267

264

273

277

Last session, the stock gained 4 per cent with above average volume on back of buying interest. Buy in dips

₹183 • ONGC

S1

S2

R1

R2

COMMENT

180

177

187

190

Fresh long positions can be initiated with a tight stop-loss only if the stock advances above ₹187 levels

₹929 • Reliance Ind.

S1

S2

R1

R2

COMMENT

920

910

940

950

Initiate fresh long positions with a tight stop-loss if the stock of RIL reverses higher from ₹920 levels

₹252 • SBI

S1

S2

R1

R2

COMMENT

247

242

257

265

Consider initiating fresh long positions with a fixed stop-loss only if the stock of SBI moves beyond ₹257 levels

₹3051 • TCS

S1

S2

R1

R2

COMMENT

3030

3010

3070

3090

Make use of intra-day declines to initiate fresh long positions while maintaining a fixed stop-loss at ₹3030 levels

10432 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10370

10340

10485

10535

Experiences buying interest. Consider initiating fresh long positions in dips with a tight stop-loss at 10,370 levels

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

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