Day trading guide

Day Trading Guide for February 11, 2020

| Updated on February 10, 2020

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

₹1240 • HDFC Bank

S1

S2

R1

R2

COMMENT

1225

1210

1254

1270

Fresh short positions can be initiated with a stiff stop-loss only if the stock declines below ₹1,225 levels

 

₹773 • Infosys

S1

S2

R1

R2

COMMENT

767

760

780

786

Initiate fresh long positions with a fixed stop-loss if the stock of Infosys advances above ₹780 levels

 

₹210 • ITC

S1

S2

R1

R2

COMMENT

207

204

214

217

Near-term stance is once again bearish for the stock of ITC. Sell on rallies with a fixed stop-loss at ₹214 levels

 

₹106 • ONGC

S1

S2

R1

R2

COMMENT

103

100

110

114

Consider initiating fresh long positions with a tight stop-loss only if the stock moves beyond ₹110 levels

 

₹1436 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1418

1405

1450

1467

Fresh long positions are recommended with a fixed stop-loss only of the stock gains above ₹1,450 levels

 

₹318 • SBI

S1

S2

R1

R2

COMMENT

312

305

325

333

Initiate fresh long positions with a stiff stop-loss if the stock of SBI reverses higher from ₹312 levels

 

₹2162 • TCS

S1

S2

R1

R2

COMMENT

2140

2120

2180

2200

Consider taking long positions with a stiff stop-loss if the stock of TCS rebounds up from ₹2,140 levels

 

12040 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11985

11940

12090

12140

Fresh short positions can be initiated with a tight stop-loss only if the contract falls below 11,985 levels

 

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

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Published on February 11, 2020
technical analysis
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