Day Trading Guide for February 14, 2019

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

₹2140 • HDFC Bank

S1

S2

R1

R2

COMMENT

2128

2115

2154

2165

Fresh long positions can be initiated with a fixed stop-loss if the stock rebounds up from ₹2,128 levels

 

₹754 • Infosys

S1

S2

R1

R2

COMMENT

745

735

760

768

Consider initiating fresh long positions with a tight stop-loss only if the stock advances above ₹760 levels

 

₹277 • ITC

S1

S2

R1

R2

COMMENT

275

272

280

283

Fresh long positions are recommended with a stiff stop-loss only if the stock of ITC moves beyond ₹280 levels

 

₹133 • ONGC

S1

S2

R1

R2

COMMENT

131

128

137

140

Outlook is bearish for the stock of ONGC. Sell in rallies while maintaining a stiff stop-loss at ₹137 levels

 

₹1244 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1230

1215

1260

1275

Fresh short positions are recommended with a tight stop-loss only if the stock of RIL falls below ₹1,230 levels

 

₹268 • SBI

S1

S2

R1

R2

COMMENT

262

254

274

280

Make use of intra-day rallies to initiate fresh short positions with a fixed stop-loss at ₹274 levels

 

₹2068 • TCS

S1

S2

R1

R2

COMMENT

2050

2030

2090

2110

Fresh long positions can be initiated with a stiff stop-loss if the stock reverses higher from ₹2,050 levels

 

10823 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10775

10725

10875

10925

Fresh short positions are recommended with a tight stop-loss only if the contract declines below 10,775 levels

 

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

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