Day trading guide

Day Trading Guide For February 23

| Updated on February 22, 2018 Published on February 22, 2018

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

₹1854 • HDFC Bank

S1

S2

R1

R2

COMMENT

1842

1830

1865

1875

Consider initiating fresh short positions with a fixed stop-loss only if the stock falls below ₹1842 levels

 

₹1160 • Infosys

S1

S2

R1

R2

COMMENT

1150

1140

1170

1180

Outlook continues to be bullish for the stock. Make use of intra-day dips to buy it with a tight stop-loss at ₹1150

 

₹267 • ITC

S1

S2

R1

R2

COMMENT

265

262

270

273

Fresh long positions are recommended with a stiff stop-loss only if the stock of ITC advances above ₹270 levels

 

₹186 • ONGC

S1

S2

R1

R2

COMMENT

183

180

189

193

Initiate fresh long positions with a fixed stop-loss only if the stock of ONGC moves beyond ₹189 levels

 

₹923 • Reliance Ind.

S1

S2

R1

R2

COMMENT

915

905

930

940

Initiate fresh short positions with a tight stop-loss if the stock declines below ₹915 levels

 

₹272 • SBI

S1

S2

R1

R2

COMMENT

268

263

278

283

Fresh long positions can be initiated with a fixed stop-loss if the stock of SBI climbs above ₹278 levels

 

₹3040 • TCS

S1

S2

R1

R2

COMMENT

3020

3000

3060

3080

Make use of intra-day dips to buy the stock of TCS while retaining a stiff stop-loss at ₹3020 levels

 

10381 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10330

10280

10425

10475

Fresh long positions can be initiated with a tight stop-loss if the contract rallies above 10,425 levels

 

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

Published on February 22, 2018
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