Day Trading Guide For March 22

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

₹1857 • HDFC Bank

S1

S2

R1

R2

COMMENT

1845

1835

1868

1880

Initiate fresh long positions with a fixed stop-loss if the stock reverses higher from ₹1845 levels

 

₹1168 • Infosys

S1

S2

R1

R2

COMMENT

1160

1150

1177

1190

Make use of intra-day dips to buy the stock of Infosys while retaining a tight stop-loss at ₹1160 levels

 

₹258 • ITC

S1

S2

R1

R2

COMMENT

256

253

262

265

Fresh long positions are recommended with a fixed stop-loss only if the stock climbs beyond ₹262 levels

 

₹175 • ONGC

S1

S2

R1

R2

COMMENT

173

170

178

181

Initiate fresh long positions with a tight stop-loss if the stock of ONGC rebounds up from ₹173 levels

 

₹896 • Reliance Ind.

S1

S2

R1

R2

COMMENT

887

877

906

916

Consider initiating fresh long positions with a tight stop-loss only if the advances above ₹906 levels

 

₹247 • SBI

S1

S2

R1

R2

COMMENT

244

240

254

260

Utilise intra-day dips to buy the stock of SBI while maintaining a fixed stop-loss at ₹244 levels

 

₹2854 • TCS

S1

S2

R1

R2

COMMENT

2840

2820

2880

2900

Initiate fresh long positions with a stiff stop-loss if the stock of TCS climbs beyond ₹2880 levels

 

10180 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10130

10078

10235

10285

Fresh long positions can be initiated with a tight stop-loss if the contract reverses higher from 10130 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