Day Trading Guide For March-14

₹1859 • HDFC Bank

S1

S2

R1

R2

COMMENT

1850

1840

1870

1882

Initiate fresh long positions with a stiff stop-loss only if the stock moves beyond ₹1870 levels

₹1180 • Infosys

S1

S2

R1

R2

COMMENT

1170

1160

1188

1200

Make use of intra-day dips to initiate fresh long positions while retaining a fixed stop-loss at ₹1170 levels

₹268 • ITC

S1

S2

R1

R2

COMMENT

266

264

271

275

Fresh long positions can be initiated with a tight stop-loss only if the stock of ITC rallies above ₹271 levels

₹183 • ONGC

S1

S2

R1

R2

COMMENT

180

177

187

190

Utilise intra-day declines to buy the stock of ONGC while maintaining a stiff stop-loss at ₹180 levels

₹930 • Reliance Ind.

S1

S2

R1

R2

COMMENT

920

910

940

950

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

₹254 • SBI

S1

S2

R1

R2

COMMENT

247

242

260

265

Fresh long positions can be initiated with a fixed stop-loss if the stock of SBI rebounds up from ₹247 levels

₹2892 • TCS

S1

S2

R1

R2

COMMENT

2870

2840

2915

2930

Fresh short positions are recommended with a stiff stop-loss if the stock of TCS falls below ₹2870 levels

10426 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10370

10320

10475

10525

Initiate fresh long positions with a tight stop-loss if the contract reverses higher from 10,370 levels

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

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