Day Trading Guide for February 14

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

₹1876 • HDFC Bank

S1

S2

R1

R2

COMMENT

1865

1850

1890

1905

Consider initiating fresh long positions with a stiff stop-loss if the stock advances above ₹1890 levels

 

₹1103 • Infosys

S1

S2

R1

R2

COMMENT

1090

1075

1115

1125

Fresh short positions are recommended with a fixed stop-loss only if the stock of Infosys falls below ₹1090 levels

 

₹269 • ITC

S1

S2

R1

R2

COMMENT

267

264

272

275

Initiate fresh long position with a tight stop-loss only if the stock reverses higher from ₹267 levels

 

₹190 • ONGC

S1

S2

R1

R2

COMMENT

188

185

194

197

Make use of intra-day rallies to initiate fresh short positions while maintaining a fixed stop-loss at ₹194 levels

 

₹914 • Reliance Ind.

S1

S2

R1

R2

COMMENT

903

890

925

935

Buying interest is seen at lower levels. Utilise dips to buy the stock while retaining a stiff stop-loss at ₹903 levels

 

₹288 • SBI

S1

S2

R1

R2

COMMENT

283

275

294

300

Consider initiating fresh short positions with a tight stop-loss if the stock fails to move beyond ₹294 levels

 

₹2967 • TCS

S1

S2

R1

R2

COMMENT

2950

2930

2990

3020

Initiate fresh short position with a stiff stop-loss if the stock of TCS reverses down from ₹2990 levels

 

10543 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10490

10440

10590

10650

Make use of intra-day declines to initiate fresh long positions with a tight stop-loss placed at 10490 levels

 

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

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