Day Trading Guide for March 14

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

₹2226 • HDFC Bank

S1

S2

R1

R2

COMMENT

2210

2195

2235

2250

Witnessing buying interest, the stock surged 2.6 per cent with good volume last session. Buy in declines

 

₹709 • Infosys

S1

S2

R1

R2

COMMENT

700

690

718

728

Fresh long positions are recommended with a stiff stop-loss only if the stock rallies above ₹718 levels

 

₹294 • ITC

S1

S2

R1

R2

COMMENT

292

289

297

300

The stock tests a key barrier. Fresh short positions can be initiated if it fails to move beyond ₹297 levels

 

₹149 • ONGC

S1

S2

R1

R2

COMMENT

146

143

152

155

Initiate fresh short positions with a tight stop-loss if the stock of ONGC falls below ₹146 levels

 

₹1346 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1330

1315

1360

1375

As long as the stock trades above ₹1,330 levels, the near-term stance will remain positive. Buy in dips

 

₹292 • SBI

S1

S2

R1

R2

COMMENT

286

281

300

307

Initiate fresh long positions with a fixed stop-loss if the sock of SBI reverses higher from ₹286 levels

 

₹2001 • TCS

S1

S2

R1

R2

COMMENT

1980

1960

2020

2040

Consider initiating fresh long positions with a tight stop-loss if the stock rebounds up from ₹1,980 levels

 

11366 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11320

11270

11400

11445

Fresh long positions can be initiated with a fixed stop-loss if the contract reverses higher from 11,320 levels

 

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

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