Day Trading Guide For February-21

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

₹1863 • HDFC Bank

S1

S2

R1

R2

COMMENT

1852

1840

1875

1887

Consider initiating fresh short positions with a stiff stop-loss only if the stock declines below ₹1852 levels

 

₹1134 • Infosys

S1

S2

R1

R2

COMMENT

1125

1114

1145

1155

Make use of intra-day dips to buy the stock of Infosys while maintaining a fixed stop-loss at ₹1125 levels

 

₹262 • ITC

S1

S2

R1

R2

COMMENT

260

258

265

268

Near-term outlook is bearish for the stock of ITC. Sell the stock in rallies with a fixed stop-loss at ₹265 levels

 

₹187 • ONGC

S1

S2

R1

R2

COMMENT

185

185

190

194

Initiate fresh long positions with a tight stop-loss only if the stock rebounds up from ₹185 levels

 

₹919 • Reliance Ind.

S1

S2

R1

R2

COMMENT

910

900

930

940

Fresh short positions are recommended with a stiff stop-loss only if the stock declines below ₹910 levels

 

₹269 • SBI

S1

S2

R1

R2

COMMENT

265

261

274

278

Utilise intra-day declines to buy the stock of SBI while retaining a stiff stop-loss at ₹265 levels

 

₹2945 • TCS

S1

S2

R1

R2

COMMENT

2925

2900

2965

2990

Initiate fresh long positions with a tight stop-loss if the stock moves beyond ₹2965 levels

 

10343 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10300

10250

10395

10440

Consider initiating fresh short positions with a tight stop-loss if the contract fails to move beyond 10395 levels

 

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

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