Day trading guide

Day Trading Guide for February 12, 2021

| Updated on February 11, 2021

₹1572 • HDFC Bank

S1

S2

R1

R2

COMMENT

1560

1542

1585

1600

Fresh long positions are recommended with a fixed stop-loss only if the stock moves beyond ₹1,585 levels

₹1292 • Infosys

S1

S2

R1

R2

COMMENT

1280

1265

1305

1316

Make use of intraday declines to buy the stock of Infosys while retaining a stop-loss at ₹1,280 levels

₹226 • ITC

S1

S2

R1

R2

COMMENT

224

221

229

232

Initiate fresh short positions with a stiff stop-loss if the stock of ITC drops below ₹224 levels

₹99 • ONGC

S1

S2

R1

R2

COMMENT

97

94

102

105

Fresh short positions can be initiated with a tight stop-loss if the stock fails to move above ₹102 levels

₹2055 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2035

2015

2075

2095

The stock jumped 4 per cent with good volume on Thursday. Buy on dips with a stop-loss at ₹2,035 levels

₹390 • SBI

S1

S2

R1

R2

COMMENT

385

380

398

407

Initiate fresh long positions with a fixed stop-loss only if the stock reverses higher from ₹385 levels

₹3205 • TCS

S1

S2

R1

R2

COMMENT

3185

3160

3225

3250

The stock of TCS tests a key near-term resistance at ₹3,200 levels. Go long above ₹3,225 levels

15184 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

15120

15060

15235

15285

Initiate fresh long positions with a tight stop-loss if the contract moves beyond 15,235 levels

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

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Published on February 12, 2021
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