Day Trading Guide for March 13

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

₹2170 • HDFC Bank

S1

S2

R1

R2

COMMENT

2158

2144

2185

2200

Near-term stance is bullish for the stock. Make use of intra-day dips to buy with a fixed stop-loss at ₹2,158 levels

 

₹706 • Infosys

S1

S2

R1

R2

COMMENT

697

690

713

720

Initiate fresh short positions with a stiff stop-loss if the stock fails to move beyond ₹713 levels

 

₹294 • ITC

S1

S2

R1

R2

COMMENT

292

289

297

300

Consider initiating fresh long positions with a fixed stop-loss only if the stock of ITC rallies above ₹300 levels

 

₹152 • ONGC

S1

S2

R1

R2

COMMENT

150

147

155

158

The stock tests a key resistance. Go long with a tight stop-loss on a strong rally above ₹155 levels

 

₹1329 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1315

1300

1345

1360

Make use of intra-day declines to buy the stock of RIL while retaining a stiff stop-loss at ₹1,315 levels

 

₹286 • SBI

S1

S2

R1

R2

COMMENT

281

276

294

300

Fresh long positions can be initiated with a fixed stop-loss if the stock of SBI rebounds up from ₹281 levels

 

₹2012 • TCS

S1

S2

R1

R2

COMMENT

1990

1970

2033

2050

Fresh short positions are recommended with a tight stop-loss only if the stock falls below ₹1,990 levels

 

11336 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11280

11230

11380

11430

Near-term outlook is bullish for the contract. Buy in declines while maintaining a tight stop-loss at 11,280 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

  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.