Day trading guide

Day Trading Guide For March 20

| Updated on March 19, 2018 Published on March 19, 2018

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

10122 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10070

10020

10170

10232

Fresh long positions are recommended with a tight stop-loss only if the contract rallies above 10,170 levels

 

₹1849 • HDFC Bank

S1

S2

R1

R2

COMMENT

1840

1830

1860

1870

Consider initiating fresh short positions with a stiff stop-loss if the stock fails to move beyond ₹1860 levels

 

₹1147 • Infosys

S1

S2

R1

R2

COMMENT

1140

1130

1160

1172

Fresh short positions can be initiated with a tight stop-loss if the stock reverses down from ₹1160 levels

 

₹259 • ITC

S1

S2

R1

R2

COMMENT

257

255

262

265

Initiate fresh long positions with a fixed stop-loss only if the stock of ITC advances above ₹262 levels

 

₹176 • ONGC

S1

S2

R1

R2

COMMENT

164

161

179

182

Near-term outlook is bearish for the stock. Sell in intra-day rallies while maintaining a stop-loss at ₹179 levels

 

₹895 • Reliance Ind.

S1

S2

R1

R2

COMMENT

885

875

905

916

Fresh long positions are recommended with a stiff stop-loss if the stock of RIL moves above ₹905 levels

 

₹248 • SBI

S1

S2

R1

R2

COMMENT

244

240

253

257

Make use of intra-day rallies to sell the stock of SBI with a fixed stop-loss at ₹253 levels

 

₹2828 • TCS

S1

S2

R1

R2

COMMENT

2810

2790

2850

2870

Fresh long positions are recommended with a fixed stop-loss if the stock climbs above ₹2850 levels

 

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

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