Day Trading Guide for February 12, 2019

Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:

₹2137 • HDFC Bank

S1

S2

R1

R2

COMMENT

2120

2105

2150

2165

Consider initiating fresh long positions with a fixed stop-loss only if the stock rallies above ₹2,150 levels

 

₹761 • Infosys

S1

S2

R1

R2

COMMENT

754

746

768

775

Fresh short positions are recommended with a stiff stop-loss only if the stock declines below ₹754 levels

 

₹277 • ITC

S1

S2

R1

R2

COMMENT

274

271

279

282

Initiate fresh long positions with a tight stop-loss if the stock of ITC climbs above ₹279 levels

 

₹139 • ONGC

S1

S2

R1

R2

COMMENT

136

133

143

146

Make use of intra-day rallies to initiate fresh short positions while maintaining a fixed stop-loss at ₹143 levels

 

₹1253 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1240

1225

1268

1280

Fresh short positions are recommended with a fixed stop-loss only if the stock of RIL falls below ₹1,240 levels

 

₹279 • SBI

S1

S2

R1

R2

COMMENT

272

265

286

293

Initiate fresh short positions with a stiff stop-loss if the stock of SBI fails to move beyond ₹286 levels

 

₹2065 • TCS

S1

S2

R1

R2

COMMENT

2045

2025

2080

2100

Consider initiating fresh long positions with a fixed stop-loss if the stock advances above ₹2,080 levels

 

10909 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10870

10820

10960

11015

Fresh long positions are recommended with a tight stop-loss only if the contract moves beyond 10,960 levels

 

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

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