Day Trading Guide for March 1

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

₹1884 • HDFC Bank

S1

S2

R1

R2

COMMENT

1870

1856

1894

1905

Consider initiating fresh long positions with a fixed stop-loss only if the stock rallies above ₹1894 levels

 

₹1174 • Infosys

S1

S2

R1

R2

COMMENT

1165

1155

1181

1890

Near-term outlook is bullish for the stock. Make use of intra-day dips to buy the stock with a stiff stop-loss

 

₹265 • ITC

S1

S2

R1

R2

COMMENT

263

261

267

270

Fresh short positions can be initiated with a stiff stop-loss if the stock of ITC reverses down from ₹267 levels

 

₹188 • ONGC

S1

S2

R1

R2

COMMENT

185

182

190

193

Fresh long positions are recommended with a tight stop-loss only if the stock of ONGC moves beyond ₹190 levels

 

₹952 • Reliance Ind.

S1

S2

R1

R2

COMMENT

942

930

960

970

Consider initiating fresh long positions with a stiff stop-loss if the stock of RIL reverses higher from ₹942 levels

 

₹268 • SBI

S1

S2

R1

R2

COMMENT

264

257

272

277

Initiate fresh long positions with a tight stop-loss only if the stock advances above ₹272 levels

 

₹3038 • TCS

S1

S2

R1

R2

COMMENT

3020

3000

3060

3080

Utilise intra-day declines to buy the stock while maintaining a stiff stop-loss at ₹3020 levels

 

10519 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10466

10420

10565

10610

Initiate fresh long positions with a tight stop-loss if the contract reverses higher from 10,466 levels

 

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

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