Day Trading Guide For February 13, 2019

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

₹2129 • HDFC Bank

S1

S2

R1

R2

COMMENT

2120

2105

2145

2160

Initiate fresh short positions with a tight stop-loss only if the stock falls below ₹2,120 levels

 

₹750 • Infosys

S1

S2

R1

R2

COMMENT

741

730

760

768

Fresh short positions can be initiated with a stiff stop-loss if the stock of Infosys reverses down from ₹760 levels

 

₹275 • ITC

S1

S2

R1

R2

COMMENT

272

269

278

281

Make use of intra-day rallies to initiate fresh short positions with a stiff stop-loss at ₹278 levels

 

₹137 • ONGC

S1

S2

R1

R2

COMMENT

134

131

140

143

Near-term outlook is bearish for the stock of ONGC. Sell the stock in rallies with a fixed stop-loss at ₹140 levels

 

₹1256 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1240

1225

1270

1285

Only a strong rally above ₹1,270 will be a positive cue to initiate fresh long positions with fixed stop-loss in the stock

 

₹275 • SBI

S1

S2

R1

R2

COMMENT

270

265

282

290

Consider initiating fresh short positions with a fixed stop-loss if the stock fails to move beyond ₹282 levels

 

₹2050 • TCS

S1

S2

R1

R2

COMMENT

2030

2020

2070

2090

Initiate fresh long positions with a fixed stop-loss only if the stock of TCS rallies above ₹2,070 levels

 

10860 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10810

10760

10910

10970

Consider initiating fresh short positions with a tight stop-loss only if the contract declines below 10,810 levels

 

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

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