Day Trading Guide For March 9

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

₹1851 • HDFC Bank

S1

S2

R1

R2

COMMENT

1840

1830

1860

1870

Fresh long positions are recommended with a stiff stop-loss only if the stock advances above ₹1860 levels

 

₹1156 • Infosys

S1

S2

R1

R2

COMMENT

1144

1135

1165

1175

Make use of intra-day dips to initiate fresh long positions while maintaining a fixed stop-loss at ₹1144 levels

 

₹258 • ITC

S1

S2

R1

R2

COMMENT

256

253

261

264

Fresh long positions can be initiated with a tight stop-loss if the stock of ITC reverses higher from ₹256 levels

 

₹180 • ONGC

S1

S2

R1

R2

COMMENT

178

175

184

187

Initiate fresh short positions with a stiff stop-loss only if the stock of ONGC declines below ₹178 levels

 

₹911 • Reliance Ind.

S1

S2

R1

R2

COMMENT

900

890

920

930

Consider initiating fresh long positions with a fixed stop-loss if the stock of RIL reverses higher from ₹900

 

₹256 • SBI

S1

S2

R1

R2

COMMENT

250

245

261

267

Utilise intra-day declines to buy the stock of SBI while retaining a stiff stop-loss at ₹250 levels

 

₹3001 • TCS

S1

S2

R1

R2

COMMENT

2980

2960

3020

3040

Fresh short positions can be initiated with a tight stop-loss only if the stock of TCS fails to move beyond ₹3020 levels

 

10242 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10190

10150

10290

10340

Initiate fresh long positions with a tight stop-loss if the contract rebounds up from 10190 levels

 

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

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