Day trading guide

Day Trading Guide for February 7, 2020

| Updated on February 07, 2020 Published on February 07, 2020

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

₹1239 • HDFC Bank

S1

S2

R1

R2

COMMENT

1225

1210

1254

1270

Initiate fresh long positions with a stiff stop-loss only if the stock rallies above ₹1,254 levels

 

₹770 • Infosys

S1

S2

R1

R2

COMMENT

764

755

777

786

Fresh short positions are recommended with a fixed stop-loss only if the stock of Infosys falls below ₹764 levels

 

₹213 • ITC

S1

S2

R1

R2

COMMENT

210

207

217

220

Consider initiating fresh short positions with a tight stop-loss if the stock of ITC fails to move beyond ₹217 levels

 

₹107 • ONGC

S1

S2

R1

R2

COMMENT

103

100

110

114

Fresh long positions can be initiated with a fixed stop-loss only if the stock ONGC reverses higher from ₹103 levels

 

₹1457 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1443

14430

1470

1485

Initiate fresh long positions with a tight stop-loss only if the stock of RIL advances above ₹1,470 levels

 

₹322 • SBI

S1

S2

R1

R2

COMMENT

316

310

328

335

Fresh long positions can be initiated with a stiff stop-loss if the stock rebounds up from ₹316 levels

 

₹2128 • TCS

S1

S2

R1

R2

COMMENT

2105

2080

2150

2170

Make use of intra-day rallies to go short while maintaining a tight stop-loss at ₹2,150 levels

 

12136 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

12085

12035

12185

12230

Consider initiating fresh long positions with a tight stop-loss only if the contract reverses higher from 12,085 levels

 

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

Published on February 07, 2020
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