Day Trading Guide for February 21, 2019

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

₹2106 • HDFC Bank

S1

S2

R1

R2

COMMENT

2090

2077

2120

2135

Initiate fresh long positions with a stiff stop-loss if the stock reverses higher from ₹2090 levels

 

₹740 • Infosys

S1

S2

R1

R2

COMMENT

732

725

747

755

Consider initiating fresh long positions with a tight stop-loss only if the stock of Infosys moves above ₹747 levels

 

₹275 • ITC

S1

S2

R1

R2

COMMENT

272

269

277

280

The stock consolidates sideways in a very narrow range. Desist trading in the stock for the session

 

₹144 • ONGC

S1

S2

R1

R2

COMMENT

141

138

147

150

Fresh long positions can be initiated with a fixed stop-loss if the stock of ONGC rebounds up from ₹141 levels

 

₹1235 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1220

1205

1250

1265

Fresh long positions are recommended with a tight stop-loss only if the stock of RIL climbs above ₹1,250 levels

 

₹267 • SBI

S1

S2

R1

R2

COMMENT

262

256

275

282

Make use of intra-day dips to buy the stock of SBI while maintaining a fixed stop-loss at ₹262 levels

 

₹1914 • TCS

S1

S2

R1

R2

COMMENT

1890

1870

1930

1950

Initiate fresh long positions with a tight stop-loss only if the stock of TCS advances above ₹1,930 levels

 

10751 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10700

10650

10800

10850

Fresh long positions can be initiated with a fixed stop-loss if the contract reverses higher from 10,700 levels

 

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

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