Day trading guide

Day Trading Guide for February 15, 2019

| Updated on February 14, 2019 Published on February 15, 2019

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

₹2109 • HDFC Bank

S1

S2

R1

R2

COMMENT

2100

2085

2125

2140

Fresh short positions are recommended with a fixed stop-loss only if the stock falls below ₹2,100 levels

 

₹739 • Infosys

S1

S2

R1

R2

COMMENT

733

725

747

755

Make use of intra-day rallies to initiate fresh short positions while maintaining a stiff stop-loss at ₹747 levels

 

₹277 • ITC

S1

S2

R1

R2

COMMENT

275

272

280

283

Initiate fresh short positions with a tight stop-loss only if the stock of ITC declines below ₹275 levels

 

₹132 • ONGC

S1

S2

R1

R2

COMMENT

130

127

135

137

Fresh long positions are recommended with a stiff stop-loss only if the stock ONGC climbs above ₹135 levels

 

₹1225 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1213

1200

1240

1255

Initiate fresh short positions with a tight stop-loss only if the stock reverses down from ₹1,240 levels

 

₹267 • SBI

S1

S2

R1

R2

COMMENT

262

254

274

280

Consider initiating fresh long positions with a fixed stop-loss if the stock of SBI rebounds up from ₹262 levels

 

₹2044 • TCS

S1

S2

R1

R2

COMMENT

2022

2000

2068

2090

Initiate fresh short positions with a tight stop-loss only if the stock of TCS declines below ₹2,022 levels

 

10779 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10740

10700

10825

10875

Consider initiating fresh long positions with a tight stop-loss only if the contract advances above 10,825 levels

 

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

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Published on February 15, 2019
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