Day Trading Guide For February-08

₹2117 • HDFC Bank

S1

S2

R1

R2

COMMENT

2110

2100

2130

2150

Initiate fresh long positions with a stop-loss at ₹2,105 only if the stock breaks above ₹2,130.

 

₹763 • Infosys

S1

S2

R1

R2

COMMENT

760

754

770

785

Resistance ahead. Go long only if Infosys breaks above ₹770. Keep the stop-loss at ₹763

 

₹280 • ITC

S1

S2

R1

R2

COMMENT

277

274

282

285

Short-term view is positive. Go long and also accumulate on dips with a stop-loss at ₹276

 

₹148 • ONGC

S1

S2

R1

R2

COMMENT

145

142

149

151

Hovers below a resistance. Go long on a break above ₹149. Stop-loss can be placed at ₹146

 

₹1290 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1280

1260

1320

1350

Wait for dips and go long if RIL reverses higher from ₹1,280. Keep the stop-loss at ₹1,265

 

₹288 • SBI

S1

S2

R1

R2

COMMENT

286

283

290

294

Initiate fresh short positions if SBI breaks below ₹286. Stop-loss can be placed at ₹289

 

₹2080 • TCS

S1

S2

R1

R2

COMMENT

2075

2050

2100

2140

Initiate fresh long positions with a stop-loss at ₹2,055 if TCS reverses higher from ₹2,075.

 

11094 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11065

11040

11115

11145

Initiate fresh short positions if the index futures fail to breach 11,115. Keep the stop-loss at 11,135

 

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

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