Day trading guide

Day Trading Guide for February 22, 2019

| Updated on February 21, 2019 Published on February 22, 2019

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

₹2115 • HDFC Bank

S1

S2

R1

R2

COMMENT

2102

2090

2127

2140

Fresh long positions can be initiated with a stiff stop-loss if the stock rebounds up from ₹2,102 levels

 

₹733 • Infosys

S1

S2

R1

R2

COMMENT

725

718

740

747

Initiate fresh short positions with a fixed stop-loss only if the stock falls below ₹725 levels

 

₹274 • ITC

S1

S2

R1

R2

COMMENT

272

269

277

280

Fresh long positions are recommended with a tight stop-loss only if the stock of ITC rallies above ₹277 levels

 

₹147 • ONGC

S1

S2

R1

R2

COMMENT

144

141

150

153

Make use of intra-day dips to buy the stock of ONGC while retaining a fixed stop-loss at ₹144 levels

 

₹1246 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1233

1220

1260

1275

Consider initiating fresh long positions with a tight stop-loss if the stock of RIL reverses higher from ₹1,233 levels

 

₹267 • SBI

S1

S2

R1

R2

COMMENT

262

256

275

282

Fresh long positions can be initiated with a stiff stop-loss if the stock of SBI reverses higher from ₹262 levels

 

₹1912 • TCS

S1

S2

R1

R2

COMMENT

1890

1870

1930

1950

Fresh short positions are recommended with a tight stop-loss if the stock of TCS slips below ₹1,890 levels

 

10804 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10750

10700

10850

10900

Consider initiating fresh long positions with a tight stop-loss if the contract rebounds up from 10,750 levels

 

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

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