Day Trading Guide for February 19, 2019

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

₹2089 • HDFC Bank

S1

S2

R1

R2

COMMENT

2076

2060

2105

2119

Consider initiating fresh short positions with a stiff stop-loss only if the stock falls below ₹2,076 levels

 

₹740 • Infosys

S1

S2

R1

R2

COMMENT

733

725

747

755

Fresh short positions are recommended with a tight stop-loss if the stock of Infosys declines below ₹733 levels

 

₹274 • ITC

S1

S2

R1

R2

COMMENT

272

269

277

280

Initiate fresh short positions with a tight stop-loss if the stock of ITC fails to move beyond ₹277 levels

 

₹137 • ONGC

S1

S2

R1

R2

COMMENT

134

131

140

143

Initiate fresh long positions with a fixed stop-loss if the stock reverses higher from ₹134 levels

 

₹1219 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1205

1190

1235

1250

Fresh short positions are recommended with a fixed stop-loss only if the stock falls below ₹1,205 levels

 

₹259 • SBI

S1

S2

R1

R2

COMMENT

254

248

266

274

Initiate fresh long positions with a stiff stop-loss if the stock of SBI reverses higher from ₹254 levels

 

₹1971 • TCS

S1

S2

R1

R2

COMMENT

1950

1930

1990

2010

Make use of intra-day rallies to initiate fresh short positions while maintaining a fixed stop-loss at ₹1,990 levels

 

10662 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10610

10560

10710

10765

Fresh long positions are recommended with a tight stop-loss only if the contract advances above 10,710 levels

 

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

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