Day Trading Guide For April 03\, 2019

Day Trading Guide For April 03, 2019

₹2296 • HDFC Bank

S1

S2

R1

R2

COMMENT

2285

2270

2310

2322

Initiate fresh short positions with a stiff stop-loss if the stock declines below ₹2,285 levels

₹757 • Infosys

S1

S2

R1

R2

COMMENT

750

742

764

774

Consider initiating fresh long positions with a fixed stop-loss if the stock rallies above ₹764 levels

₹297 • ITC

S1

S2

R1

R2

COMMENT

294

291

300

303

Fresh long positions are recommended with a stiff stop-loss only if the stock of ITC moves beyond ₹300 levels

₹157 • ONGC

S1

S2

R1

R2

COMMENT

153

150

160

163

Fresh short positions can be initiated with a fixed stop-loss if the stock fails to rally above ₹160 levels

₹1388 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1375

1360

1402

1415

Initiate fresh long positions with a stiff stop-loss if the stock of RIL reverses higher from ₹1,375 levels

₹328 • SBI

S1

S2

R1

R2

COMMENT

322

315

335

340

Consider initiating fresh short positions with a tight stop-loss only if the stock of SBI declines below ₹322

₹2079 • TCS

S1

S2

R1

R2

COMMENT

2050

2030

2090

2110

Near-term stance is positive for the stock of TCS. Buy in declines with a stiff stop-loss at ₹2,050 levels

11779 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11730

11680

11825

11870

As long as the contract trades above 11,730 the near-term stance remains positive. Buy in dips with a fixed stop-loss

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

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