Day Trading Guide for February 5

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

₹2107 • HDFC Bank

S1

S2

R1

R2

COMMENT

2095

2081

2120

2135

Make use of intra-day dips to initiate fresh long positions while maintaining a fixed stop-loss at ₹2,095 levels

 

₹755 • Infosys

S1

S2

R1

R2

COMMENT

747

740

762

770

Near-term stance is bullish of the stock. Buy in declines while retaining a stiff stop-loss at ₹747 levels

 

₹276 • ITC

S1

S2

R1

R2

COMMENT

273

270

279

282

Fresh short positions are recommended with a stiff stop-loss only if the stock of ITC falls below ₹273 levels

 

₹146 • ONGC

S1

S2

R1

R2

COMMENT

143

140

149

152

Initiate fresh long positions with a fixed stop-loss if the stock of ONGC reverses higher from ₹143 levels

 

₹1291 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1275

1260

1302

1320

Near-term view is positive for the stock of RIL. Make use of intra-day dips to buy the stock with a fixed stop-loss

 

₹283 • SBI

S1

S2

R1

R2

COMMENT

277

270

290

297

Fresh short positions can be initiated with a fixed stop-loss if the stock of SBI falls below ₹277 levels

 

₹2047 • TCS

S1

S2

R1

R2

COMMENT

2030

2010

2070

2090

Initiate fresh long positions with a tight stop-loss only if the stock rebounds up from ₹2030 levels

 

10937 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10887

10883

10990

11040

Consider initiating fresh long positions with a tight stop-loss only if the contract advances above 10,990 levels

 

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

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