Day Trading Guide For March 21

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

₹1839 • HDFC Bank

S1

S2

R1

R2

COMMENT

1830

1820

1850

1860

Fresh long positions are recommended with a fixed stop-loss only if the stock rallies above ₹1850 levels

 

₹1162 • Infosys

S1

S2

R1

R2

COMMENT

1150

1140

1170

1180

As long as the stock trades above ₹1150, the near-term view remains positive for the stock. Buy in dips

 

₹258 • ITC

S1

S2

R1

R2

COMMENT

256

253

262

265

Consider initiating fresh long positions with a stiff stop-loss only if the stock advances above ₹262 levels

 

₹174 • ONGC

S1

S2

R1

R2

COMMENT

171

168

177

180

Near-term outlook is bearish for the stock of ONGC. Sell the stock in intra-day rallies with a fixed stop-loss

 

₹889 • Reliance Ind.

S1

S2

R1

R2

COMMENT

880

870

901

912

Initiate fresh long positions with a stiff stop-loss only if the stock of RIL moves beyond ₹901 levels

 

₹249 • SBI

S1

S2

R1

R2

COMMENT

244

240

255

260

Make use of intra-day dips to buy the stock while maintaining a tight stop-loss at ₹244 levels

 

₹2859 • TCS

S1

S2

R1

R2

COMMENT

2840

2820

2880

2900

Fresh long positions can be initiated with a stiff stop-loss if the stock reverses higher from ₹2840 levels

 

10143 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10100

10050

10185

10235

Consider initiating fresh long positions with a tight stop-loss if the contract exceeds above 10,190 levels

 

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

Read the rest of this article by Signing up for Portfolio.It's completely free!

What You'll Get





Related

This article is closed for comments.
Please Email the Editor