Day Trading Guide For February-08

₹1871 • HDFC Bank

S1

S2

R1

R2

COMMENT

1855

1840

1885

1900

Initiate fresh short position with a stiff stop-loss if the stock of HDFC Bank declines below ₹1855 levels

₹1108 • Infosys

S1

S2

R1

R2

COMMENT

1098

1085

1122

1135

Fresh short positions are recommended with a fixed stop-loss if the stock fails to move beyond ₹1122 levels

₹274 • ITC

S1

S2

R1

R2

COMMENT

272

269

277

280

Consider initiating fresh long positions with a fixed stop-loss if the stock reverses higher from ₹272 levels

₹189 • ONGC

S1

S2

R1

R2

COMMENT

187

183

193

196

Make use of intra-day declines to buy the stock of ITC while maintaining a stiff stop-loss at ₹187 levels

₹894 • Reliance Ind.

S1

S2

R1

R2

COMMENT

880

870

904

915

Fresh long positions are recommended with a fixed stop-loss only if the stock climbs above ₹904 levels

₹292 • SBI

S1

S2

R1

R2

COMMENT

286

282

296

303

Initiate fresh short position with a stiff stop-loss if the stock reverses down from ₹296 levels

₹2955 • TCS

S1

S2

R1

R2

COMMENT

2940

2920

2975

2995

Near-term outlook is bearish for the stock of TCS. Sell the stock in rallies with a stiff stop-loss at ₹2975 levels

10465 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10420

10370

10515

10565

Consider initiating fresh short positions with a tight stop-loss if the contract fails to move beyond 10515 levels

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

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