Day Trading Guide For February 27

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

₹1909 • HDFC Bank

S1

S2

R1

R2

COMMENT

1900

1890

1920

1930

Near-term view is bullish for the stock of HDFC Bank. Buy in dips with a stiff stop-loss at ₹1900

 

₹1141 • Infosys

S1

S2

R1

R2

COMMENT

1130

1120

1150

1160

Consider initiating fresh short positions with a tight stop-loss only if the stock declines below ₹1130 levels

 

₹266 • ITC

S1

S2

R1

R2

COMMENT

265

262

269

271

Initiate fresh short positions with a stiff stop-loss if the stock of ITC fails to move beyond ₹269 levels

 

₹190 • ONGC

S1

S2

R1

R2

COMMENT

188

185

193

196

Make use of intra-day dips to buy the stock of ONGC while maintaining a fixed stop-loss at ₹188 levels

 

₹938 • Reliance Ind.

S1

S2

R1

R2

COMMENT

930

920

945

955

Fresh short positions are recommended with a fixed stop-loss only if the stock drops below ₹930 levels

 

₹274 • SBI

S1

S2

R1

R2

COMMENT

270

265

280

285

Initiate fresh long positions with a tight stop-loss if the stock reverses higher from ₹270 levels

 

₹3035 • TCS

S1

S2

R1

R2

COMMENT

3020

3000

3060

3080

Fresh short positions can be initiated with a stiff stop-loss if the stock of TCS declines below ₹3020 levels

 

10600 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10550

10500

10650

10700

The contract tests a key resistance at 10,600. Go long on a strong rally above this level with a tight stop-loss

 

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

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