Day Trading Guide for March 15

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

₹2223 • HDFC Bank

S1

S2

R1

R2

COMMENT

2210

2195

2235

2250

Initiate fresh long positions with a stiff stop-loss if the stock rebounds up from ₹2,210 levels

 

₹708 • Infosys

S1

S2

R1

R2

COMMENT

700

690

718

728

Consider initiating fresh long positions with a tight stop-loss only if the stock rallies above ₹718 levels

 

₹295 • ITC

S1

S2

R1

R2

COMMENT

292

289

297

300

The stock continues to test a key resistance level. Desist trading in the stock for the session

 

₹151 • ONGC

S1

S2

R1

R2

COMMENT

149

146

153

156

Fresh long positions can be initiated with a fixed stop-loss if the stock of ONGC climbs above ₹153 levels

 

₹1341 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1327

1312

1355

1370

Initiate fresh long positions with a tight stop-loss only if the stock of RIL reverses higher from ₹1,327 levels

 

₹291 • SBI

S1

S2

R1

R2

COMMENT

285

280

300

307

Fresh long positions can be initiated with a stiff stop-loss if the stock manages to reverse higher from ₹285

 

₹1988 • TCS

S1

S2

R1

R2

COMMENT

1970

1950

2010

2030

Fresh short positions are recommended with a fixed stop-loss only if the stock of TCS falls below ₹1,970 levels

 

11381 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11330

11270

11430

11480

Initiate fresh long positions with a tight stop-loss if the contract rebounds up from 11,330 levels

 

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

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