Day Trading Guide For February 15

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

₹1884 • HDFC Bank

S1

S2

R1

R2

COMMENT

1875

1865

1897

1910

Initiate fresh long position with a stiff stop-loss if the stock reverses higher from ₹1875 levels

 

₹1098 • Infosys

S1

S2

R1

R2

COMMENT

1090

1075

1112

1125

Make use of intra-day rallies to initiate fresh short positions with a fixed stop-loss at ₹1,112 levels

 

₹266 • ITC

S1

S2

R1

R2

COMMENT

264

261

269

272

Fresh short positions can be initiated with a tight stop-loss if the stock of ITC reverses down from ₹269 levels

 

₹185 • ONGC

S1

S2

R1

R2

COMMENT

183

180

189

192

Near-term outlook is negatively biased. Sell the stock in rallies with a stiff stop-loss placed at ₹189

 

₹932 • Reliance Ind.

S1

S2

R1

R2

COMMENT

922

910

940

950

Consider initiating fresh long positions with a tight stop-loss only if the stock advances above ₹940 levels

 

₹276 • SBI

S1

S2

R1

R2

COMMENT

272

265

282

288

Outlook is bearish for the stock of SBI. The stock fall 4 per cent last session breaking below a key support. Sell

 

₹2910 • TCS

S1

S2

R1

R2

COMMENT

2890

2870

2930

2950

Utilise intra-day rallies to initiate fresh short positions while maintaining a stiff stop-loss at ₹2930 levels

 

10495 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10440

10390

10545

10590

Fresh long positions are recommended with a tight stop-loss only if the contract moves above 10,545 levels

 

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

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