Day Trading Guide for February 27, 2019

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

₹2110 • HDFC Bank

S1

S2

R1

R2

COMMENT

2095

2070

2123

2135

Consider initiating fresh long positions with a tight stop-loss only if the stock advances above ₹2,123 levels

 

₹741 • Infosys

S1

S2

R1

R2

COMMENT

733

725

750

760

Initiate fresh long positions with a stiff stop-loss if the stock of Infosys reverses higher from ₹733 levels

 

₹274 • ITC

S1

S2

R1

R2

COMMENT

272

270

278

281

The stock is range-bound. Go long with a fixed stop-loss only if the stock moves above ₹278 levels

 

₹147 • ONGC

S1

S2

R1

R2

COMMENT

145

142

150

153

Consider initiating fresh long positions with a stiff stop-loss only if the stock climbs above ₹150 levels

 

₹1219 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1207

1195

1232

1245

Fresh long positions can be initiated with a tight stop-loss if the stock of RIL reverses higher from ₹1,207 levels

 

₹266 • SBI

S1

S2

R1

R2

COMMENT

260

255

272

278

Make use of intra-day dips to buy the stock of SBI while retaining a fixed stop-loss at ₹260 levels

 

₹2032 • TCS

S1

S2

R1

R2

COMMENT

2010

1990

2050

2070

Near-term outlook is bullish for the stock. Buy in dips while maintaining a stiff stop-loss at ₹2,010 levels

 

10827 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10775

10725

10875

10925

Fresh long positions can be initiated with a tight stop-loss if the contract manages to rebound from 10,775 levels

 

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

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