Day Trading Guide For March-16

₹1880 • HDFC Bank

S1

S2

R1

R2

COMMENT

1870

1860

1890

1900

Make use of intra-day dips to buy the stock while maintaining a fixed stop-loss at ₹1870 levels

₹1182 • Infosys

S1

S2

R1

R2

COMMENT

1170

1160

1188

1200

Outlook remains positive as long as the stock trades above ₹1170 levels. Buy in declines with a stiff stop-loss

₹265 • ITC

S1

S2

R1

R2

COMMENT

263

261

268

270

Fresh long positions can be initiated with a tight stop-loss if the stock of ITC reverses higher from ₹263 levels

₹181 • ONGC

S1

S2

R1

R2

COMMENT

179

176

184

187

Initiate fresh long positions with a fixed stop-loss only if the stock of ONGC advances above ₹184 levels

₹912 • Reliance Ind.

S1

S2

R1

R2

COMMENT

900

890

920

930

Make use of intra-day rallies to sell the stock of RIL while retaining a tight stop-loss at ₹920 levels

₹254 • SBI

S1

S2

R1

R2

COMMENT

250

245

269

265

Consider initiating fresh long positions with a stiff stop-loss if the stock reverses higher from ₹250 levels

₹2869 • TCS

S1

S2

R1

R2

COMMENT

2840

2820

2890

2910

Initiate fresh short positions with a fixed stop-loss only if the stock fails to move beyond ₹2890 levels

10372 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10320

10270

10425

10475

Fresh long positions can be initiated with a tight stop-loss only if the contract advances above 10425 levels

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

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