Day trading guide

Day Trading Guide for February 18, 2021

| Updated on February 17, 2021

₹1586 • HDFC Bank

S1

S2

R1

R2

COMMENT

1565

1550

1600

1630

Fresh long positions are recommended with a fixed stop-loss if the stock rallies past ₹1,600

₹1281 • Infosys

S1

S2

R1

R2

COMMENT

1265

1250

1300

1325

Since the stock of Infosys looks weak, short it with stop-loss at ₹1,300 if it slips below ₹1,275

₹218 • ITC

S1

S2

R1

R2

COMMENT

216

212

220

224

Stock remains below resistance of ₹220 and struggles to gain; consider selling with stop-loss at ₹220

₹102 • ONGC

S1

S2

R1

R2

COMMENT

100

98

105

108

Can go long in the stock of ONGC as it trades above the key support ₹100; buy with tight stop-loss

₹2083 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2050

2025

2120

2175

As the price action is inclined to upside, one can buy the stock with stop-loss at ₹2,050

₹412 • SBI

S1

S2

R1

R2

COMMENT

408

400

415

420

Initiate fresh long positions with a fixed stop-loss if the stock rallies past the hurdle at ₹415

₹3073 • TCS

S1

S2

R1

R2

COMMENT

3050

3000

3135

3168

Buy the stock if it bounces off the support at ₹3,050; go with a stop-loss at ₹3,000

15190 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

15160

15100

15250

15300

Consider going long in the contract with stop-loss at 15,100 if it rebounds from the support at 15,160

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

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Published on February 17, 2021
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