Day trading guide

Day Trading Guide For February 20

| Updated on February 19, 2018 Published on February 19, 2018

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

₹1875 • HDFC Bank

S1

S2

R1

R2

COMMENT

1850

1800

1900

1920

Stuck in a narrow range. Go short with a stop-loss at ₹1,875 if the stock breaks below ₹1,850

 

₹1130 • Infosys

S1

S2

R1

R2

COMMENT

1120

1100

1150

1185

Initiate fresh long positions only if the stock breaks above ₹1,150. Keep the stop-loss at ₹1,135

 

₹263 • ITC

S1

S2

R1

R2

COMMENT

260

257

267

270

Support ahead. Go long if the stock reverses higher from ₹260. Stop-loss can be placed at ₹256.

 

₹185 • ONGC

S1

S2

R1

R2

COMMENT

181

177

188

192

Immediate outlook is not clear. Avoid trading this stock until a clear trade signal emerges.

 

₹926 • Reliance Ind.

S1

S2

R1

R2

COMMENT

910

890

930

945

Hovers above a support. Go short if RIL breaks below ₹910. Keep the stop-loss at ₹920

 

₹267 • SBI

S1

S2

R1

R2

COMMENT

255

250

275

290

Outlook is bearish. Make use of rallies to go short at ₹270. Stop-loss can be placed at ₹278

 

₹2925 • TCS

S1

S2

R1

R2

COMMENT

2900

2865

2975

3000

Initiate fresh short positions with a stop-loss at ₹2,925 only if the stock breaks below ₹2900.

 

10378 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10340

10300

10400

10450

Outlook is bearish. Go short with a stop-loss at 10,425 if the contract reverses lower from 10,400

 

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

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