Day Trading Guide For February-09

₹1880 • HDFC Bank

S1

S2

R1

R2

COMMENT

1867

1855

1900

1915

Fresh long positions are recommended with a stiff stop-loss only if the stock advances above ₹1900 levels

₹1134 • Infosys

S1

S2

R1

R2

COMMENT

1122

1110

1145

1155

Make use of intra-day dips to buy the stock of Infosys while maintaining a fixed stop-loss at ₹1122 levels

₹273 • ITC

S1

S2

R1

R2

COMMENT

271

268

277

280

Initiate fresh short position with a stiff stop-loss only if the stock of ITC declines below ₹271 levels

₹188 • ONGC

S1

S2

R1

R2

COMMENT

186

183

191

194

Consider initiating fresh long positions with a fixed stop-loss if the stock of ONGC rallies above ₹191 levels

₹903 • Reliance Ind.

S1

S2

R1

R2

COMMENT

890

880

915

925

Utilise intra-day dips to buy the stock while retaining a tight stop-loss at ₹890 levels

₹301 • SBI

S1

S2

R1

R2

COMMENT

296

292

306

312

Near-term view is bullish for the stock of SBI. Buy the stock in declines with a stiff stop-loss at ₹296 levels

₹2966 • TCS

S1

S2

R1

R2

COMMENT

2950

2930

2990

3020

Fresh long positions are recommended with a fixed stop-loss only if the stock climbs beyond ₹2990 levels

10572 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10500

10450

10620

10680

Initiate fresh long position with a tight stop-loss only if the contract advances above 10620 levels

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

Read the rest of this article by Signing up for Portfolio.It's completely free!

What You'll Get





TOPICS

Related

MORE FROM BUSINESSLINE


 Getting recommendations just for you...
This article is closed for comments.
Please Email the Editor