Day Trading Guide for February 28

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

₹1904 • HDFC Bank

S1

S2

R1

R2

COMMENT

1894

1880

1915

1925

Make use of intra-day declines to buy the stock while maintaining a stiff stop-loss at ₹1894 levels

 

₹1148 • Infosys

S1

S2

R1

R2

COMMENT

1140

1130

1160

1170

Fresh long positions can be initiated with a tight stop-loss if the stock of Infosys reverses higher from ₹1140 levels

 

₹266 • ITC

S1

S2

R1

R2

COMMENT

264

261

269

271

Utilise intra-day rallies to initiate fresh short positions while retaining a fixed stop-loss at ₹269 levels

 

₹188 • ONGC

S1

S2

R1

R2

COMMENT

185

182

190

193

Consider initiating fresh short positions with a stiff stop-loss only if the stock of ONGC drops below ₹185 levels

 

₹949 • Reliance Ind.

S1

S2

R1

R2

COMMENT

940

930

956

964

Initiate fresh long positions with a tight stop-loss if the stock of RIL rebounds up from ₹940 levels

 

₹267 • SBI

S1

S2

R1

R2

COMMENT

264

257

272

277

Near-term outlook is bearish for the stock of SBI. Sell the stock in rallies with a stiff stop-loss at ₹272 levels

 

₹3043 • TCS

S1

S2

R1

R2

COMMENT

3020

3000

3060

3080

Fresh long positions are recommended with a tight stop-loss only if the stock advances above ₹3060 levels

 

10564 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10510

10460

10610

10660

Consider initiating fresh long positions with a stiff stop-loss only if the contract advances above 10610 levels

 

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

Read the rest of this article by Signing up for Portfolio.It's completely free!

What You'll Get





TOPICS

Related

MORE FROM BUSINESSLINE


 Getting recommendations just for you...
This article is closed for comments.
Please Email the Editor