Day trading guide

Day Trading Guide For February 1, 2019

| Updated on January 31, 2019 Published on January 31, 2019

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

₹2081 • HDFC Bank

S1

S2

R1

R2

COMMENT

2060

2045

2100

2120

Fresh long positions are recommended with a fixed stop-loss only if the stock climbs above ₹2,100 levels

 

₹749 • Infosys

S1

S2

R1

R2

COMMENT

742

733

758

766

Make use of intra-day dips to initiate fresh long positions while maintaining a stiff stop-loss at ₹742 levels

 

₹278 • ITC

S1

S2

R1

R2

COMMENT

276

273

281

284

Consider initiating fresh short positions with a tight stop-loss only if the stock of ITC falls below ₹276 levels

 

₹141 • ONGC

S1

S2

R1

R2

COMMENT

139

136

144

147

Fresh short positions can be initiated with a fixed stop-loss if the stock declines below ₹139 levels

 

₹1227 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1212

1194

1240

1255

Initiate fresh long positions with a tight stop-loss only if the stock of RIL advances above ₹1,240 levels

 

₹293 • SBI

S1

S2

R1

R2

COMMENT

287

281

300

307

Consider initiating fresh short positions with a stiff stop-loss if the stock of SBI fails to move beyond ₹300 levels

 

₹2014 • TCS

S1

S2

R1

R2

COMMENT

1995

1975

2035

2055

Fresh long positions can be initiated with a tight stop-loss if the stock of TCS reverses higher from ₹1,995 levels

 

10833 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10790

10740

10887

10935

Initiate fresh long positions with a tight stop-loss only if the contract rallies above 10,887 levels

 

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

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Published on January 31, 2019
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