Day trading guide

Day Trading Guide For March 15

| Updated on March 14, 2018 Published on March 14, 2018

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

₹1865 • HDFC Bank

S1

S2

R1

R2

COMMENT

1853

1840

1875

1885

Fresh long positions can be initiated with a tight stop-loss if the stock reverses higher from ₹1853 levels

 

₹1180 • Infosys

S1

S2

R1

R2

COMMENT

1170

1160

1188

1200

As long as the stock trades above ₹1170, the near-term view stays positive. Buy in declines with a fixed stop-loss

 

₹267 • ITC

S1

S2

R1

R2

COMMENT

265

263

270

273

Consider initiating fresh long positions with a stiff stop-loss only if the stock of ITC climbs above ₹270 levels

 

₹180 • ONGC

S1

S2

R1

R2

COMMENT

177

174

183

187

Fresh short positions are recommended with a tight stop-loss if the stock slips below ₹177 levels

 

₹928 • Reliance Ind.

S1

S2

R1

R2

COMMENT

920

910

940

950

Initiate fresh long positions with a fixed stop-loss only if the stock of RIL advances above ₹940 levels

 

₹257 • SBI

S1

S2

R1

R2

COMMENT

252

247

262

268

The stock witnesses buying interest at lower levels. Make use of dips to buy it with a stiff stop-loss at ₹252

 

₹2886 • TCS

S1

S2

R1

R2

COMMENT

2870

2840

2910

2930

Fresh long positions can be initiated with a tight stop-loss only if the stock advances above ₹2910 levels

 

10425 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10370

10320

10475

10525

Consider initiating fresh long positions with a fixed stop-loss if the contract rebounds up from 10,370 levels once again

 

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

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