Day trading guide

Day Trading Guide For February-09

| Updated on February 08, 2018 Published on February 08, 2018

₹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.

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