Day trading guide

Day Trading Guide for February 16, 2021

| Updated on February 15, 2021 Published on February 16, 2021

₹1616 • HDFC Bank

S1

S2

R1

R2

COMMENT

1600

1585

1625

1665

Fresh long positions are recommended with a fixed stop-loss if the stock rallies past ₹1,625

₹1309 • Infosys

S1

S2

R1

R2

COMMENT

1300

1284

1325

1350

Since the stock hints at weakness, short it with stop-loss at ₹1,315 if it slips below ₹1,300

₹218 • ITC

S1

S2

R1

R2

COMMENT

215

212

220

224

Stock remains below resistance of ₹220 and struggles to move up; so, sell with stop-loss at ₹220

₹98 • ONGC

S1

S2

R1

R2

COMMENT

97

94

100

102

Fresh short positions can be initiated with a tight stop-loss if the stock falls below ₹97

₹2032 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2015

2000

2050

2075

As the scrip has a resistance and is unable to build a strong rally, short it with stop-loss at ₹2,060

₹407 • SBI

S1

S2

R1

R2

COMMENT

404

400

410

415

Initiate fresh long positions with a fixed stop-loss if the stock breaches the hurdle at ₹410

₹3140 • TCS

S1

S2

R1

R2

COMMENT

3130

3100

3175

3200

The stock is trading near the support of ₹3130 and so, one can buy with a tight stop-loss

15332 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

15300

15260

15350

15400

Initiate fresh long positions with a tight stop-loss if the contract moves beyond 15,350 levels

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

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Published on February 16, 2021
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