Day trading guide

Day Trading Guide for March 28

| Updated on March 27, 2018 Published on March 27, 2018

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

Fresh long positions are recommended with a stiff stop-loss only if the stock moves beyond ₹1905 levels

 

₹1152 • Infosys

S1

S2

R1

R2

COMMENT

1145

1135

1160

1170

Initiate fresh long positions with a fixed stop-loss if the stock rebounds up from ₹1145 levels

 

₹258 • ITC

S1

S2

R1

R2

COMMENT

255

253

261

264

Consider initiating fresh long positions with a fixed stop-loss if the stock of ITC reverses higher from ₹255 levels

 

₹179 • ONGC

S1

S2

R1

R2

COMMENT

176

173

182

185

Make use of intra-day declines to buy the stock of ONGC while maintaining a stiff stop-loss at ₹176 levels

 

₹899 • Reliance Ind.

S1

S2

R1

R2

COMMENT

890

880

911

920

Fresh short positions are recommended with a tight stop-loss only if the stock of RIL falls below ₹890 levels

 

₹253 • SBI

S1

S2

R1

R2

COMMENT

249

244

259

264

The stock is experiencing buying interest at lower levels. Buy in dips with a fixed stop-loss at ₹249 levels

 

₹2841 • TCS

S1

S2

R1

R2

COMMENT

2820

2800

2860

2880

Fresh long positions can be initiated with a stiff stop-loss if the stock of TCS rebounds up from ₹2820 levels

 

10178 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10145

10100

10225

10275

Consider initiating fresh long positions with a fixed stop-loss only if the contract rallies above 10,225 levels

 

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

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