Day Trading Guide For March 27

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

₹1893 • HDFC Bank

S1

S2

R1

R2

COMMENT

1980

1968

1905

1915

Consider going long with a stiff stop-loss only if the stock of HDFC Bank moves beyond ₹1905 levels

 

₹1154 • Infosys

S1

S2

R1

R2

COMMENT

1145

1135

1165

1175

Fresh long positions are recommended with a fixed stop-loss only if the stock of Infosys rallies above ₹1165 levels.

 

₹257 • ITC

S1

S2

R1

R2

COMMENT

255

253

261

264

Make use of intra-day dips to buy the stock while maintaining a tight stop-loss at ₹255 levels

 

₹178 • ONGC

S1

S2

R1

R2

COMMENT

176

173

182

185

Initiate fresh short positions with a fixed stop-loss if the stock of ONGC fails to move above ₹182 levels

 

₹901 • Reliance Ind.

S1

S2

R1

R2

COMMENT

890

880

911

920

Go long only if the stock of RIL advances above ₹911 levels while retaining a fixed stop-loss

 

₹246 • SBI

S1

S2

R1

R2

COMMENT

241

236

250

255

Fresh long positions can be initiated with a tight stop-loss if the stock advances above ₹250 levels

 

₹2813 • TCS

S1

S2

R1

R2

COMMENT

2790

2770

2830

2850

Initiate fresh long positions with a stiff stop-loss if the stock reverses higher from ₹2790 levels

 

10146 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10100

10050

10195

10245

Fresh long positions can be initiated with a tight stop-loss if the contract rebounds up from 10,100 levels

 

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

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