Day Trading Guide For February 6

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

₹1913 • HDFC Bank

S1

S2

R1

R2

COMMENT

1900

1885

1930

1945

Make use of intra-day rallies to initiate fresh short positions while retaining a fixed stop-loss at ₹1930 levels

 

₹1138 • Infosys

S1

S2

R1

R2

COMMENT

1130

1120

1150

1162

Fresh short positions are recommended with tight stop-loss only if the stock declines below ₹1,130 levels

 

₹279 • ITC

S1

S2

R1

R2

COMMENT

277

275

282

286

Utilise intra-day declines to buy the stock of ITC while maintaining a stiff stop-loss at ₹277 levels

 

₹188 • ONGC

S1

S2

R1

R2

COMMENT

186

183

192

195

Near-term outlook is bearish for the stock of ONGC. Sell the stock in rallies with a fixed stop-loss

 

₹904 • Reliance Ind.

S1

S2

R1

R2

COMMENT

890

875

915

928

Initiate fresh short positions with a tight stop-loss if the stock reverses down from ₹915 levels

 

₹297 • SBI

S1

S2

R1

R2

COMMENT

292

287

303

310

Fresh long positions are recommended with a fixed stop-loss only if the stock rallies above ₹303 levels

 

₹3106 • TCS

S1

S2

R1

R2

COMMENT

3080

3060

3130

3150

Initiate fresh short positions with a tight stop-loss only if the stock of TCS drops below ₹3080 levels

 

10684 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10630

10580

10735

10790

Consider initiating fresh long positions with a fixed stop-loss only if the contract moves above 10735 levels

 

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

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