Day Trading Guide for February 7

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

₹1897 • HDFC Bank

S1

S2

R1

R2

COMMENT

1880

1860

1913

1930

Fresh long positions are recommended with a fixed stop-loss only if the stock advances above ₹1913 levels

 

₹1108 • Infosys

S1

S2

R1

R2

COMMENT

1098

1085

1122

1135

Initiate fresh short position with a tight stop-loss if the stock Infosys fails to move beyond ₹1122 levels

 

₹273 • ITC

S1

S2

R1

R2

COMMENT

270

267

277

280

Make use of intra-day dips to buy the stock of ITC while maintaining a tight stop-loss at ₹270 levels

 

₹185 • ONGC

S1

S2

R1

R2

COMMENT

182

179

189

192

Fresh short positions can be initiated with a stiff stop-loss only if the stock of ONGC declines below ₹182 levels

 

₹892 • Reliance Ind.

S1

S2

R1

R2

COMMENT

880

870

904

915

Consider initiating fresh long positions with a tight stop-loss only if the stock of RIL advances above ₹904 levels

 

₹291 • SBI

S1

S2

R1

R2

COMMENT

286

282

296

303

Utilise intra-day declines to buy the stock of SBI while maintaining a stiff stop-loss at ₹286 levels

 

₹2995 • TCS

S1

S2

R1

R2

COMMENT

2975

2950

3020

3045

Fresh short positions can be initiated with a fixed stop-loss only if the stock of TCS falls below ₹2975 levels

 

10513 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10450

10400

10550

10600

Fresh long positions can be initiated with a tight stop-loss if the contract advances above 10550 levels

 

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

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