Day Trading Guide for February 28, 2019

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

₹2091 • HDFC Bank

S1

S2

R1

R2

COMMENT

2080

2070

2105

2124

Fresh long positions are recommended with a fixed stop-loss only if the stock advances above ₹2,105 levels

 

₹734 • Infosys

S1

S2

R1

R2

COMMENT

725

717

744

750

Consider initiating fresh short positions with a stiff stop-loss if the stock of Infosys falls below ₹725 levels

 

₹275 • ITC

S1

S2

R1

R2

COMMENT

272

270

278

281

Initiate fresh long positions with a tight stop-loss if the stock rebounds up from ₹272 levels

 

₹148 • ONGC

S1

S2

R1

R2

COMMENT

145

142

150

153

Fresh long positions can be initiated with a tight stop-loss if the stock of ONGC moves beyond ₹150 levels

 

₹1222 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1207

1195

1232

1245

Go long if the stock decisively moves above ₹1,232 levels while maintaining a fixed stop-loss

 

₹267 • 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 tight stop-loss at ₹260 levels

 

₹2053 • TCS

S1

S2

R1

R2

COMMENT

2032

2010

2075

2100

The stock of TCS faces a key resistance ahead. Go long if the stock reverses higher from ₹2,032 levels

 

10809 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10760

10710

10855

10900

Consider initiating fresh long positions with a fixed stop-loss if the contract reverses higher from 10,760 levels

 

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

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