Day trading guide

Day Trading Guide For February-06

| Updated on February 05, 2019 Published on February 05, 2019

₹2115 • HDFC Bank

S1

S2

R1

R2

COMMENT

2100

2080

2135

2150

Outlook is bullish. Go long and also accumulate on dips. Stop-loss can be placed at ₹2,090

₹754 • Infosys

S1

S2

R1

R2

COMMENT

745

740

762

770

Initiate fresh long positions with a stop-loss at ₹755 only if Infosys breaks above ₹762

₹274 • ITC

S1

S2

R1

R2

COMMENT

270

267

277

283

Near-term view is negative. Go short and also accumulate on rallies. Keep the stop-loss at ₹281

₹143 • ONGC

S1

S2

R1

R2

COMMENT

139

136

145

148

Downmove is gaining strength. Go short and also accumulate on rallies with a stop-loss at ₹146

₹1290 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1265

1220

1300

1330

Initiate fresh long positions only if RIL breaks above ₹1,300. Keep the stop-loss at ₹1,285

₹284 • SBI

S1

S2

R1

R2

COMMENT

278

273

287

291

Hovers below a resistance. Go long with a stop-loss at ₹283 if SBI breaks above ₹287

₹2044 • TCS

S1

S2

R1

R2

COMMENT

2020

2000

2090

2115

Uptrend is intact. Go long and also accumulate on dips. Keep the stop-loss at ₹1990

10951 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10900

10845

11000

11100

Initiate fresh long positions with a stop-loss at 10,980 only if the index futures breaks above 11,000

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

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