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.

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