Day trading guide

Day Trading Guide for March 02, 2022

bl-online Administrator | Updated on: Mar 01, 2022

₹1429 • HDFC Bank

S1

S2

R1

R2

COMMENT

1410

1350

1440

1465

Wait for a rise and go short at1435 and accumulate at 1455. Stop-loss can be placed at 1480

₹1719 • Infosys

S1

S2

R1

R2

COMMENT

1690

1660

1750

1780

Consolidating sideways and can rise within it. Go long now and at 1705 with a stop-loss at 1680

₹216 • ITC

S1

S2

R1

R2

COMMENT

213

210

218

221

Near-term bias is positive. Go long only on a break above 218. Keep the stop-loss at 215

₹160 • ONGC

S1

S2

R1

R2

COMMENT

156

151

163

167

High risk appetite traders can go long now and accumulate at 157. Stop-loss can be kept at 154

₹2355 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2320

2305

2375

2400

Immediate outlook is bullish. Go short now and on dips at 2330 with a stop-loss at 2310

₹484 • SBI

S1

S2

R1

R2

COMMENT

477

470

492

496

Wait for a rise and go short if the stock reverses lower from 492. Keep the stop-loss at 495

₹3550 • TCS

S1

S2

R1

R2

COMMENT

3500

3450

3575

3625

Can rise in the near-term. Go long now and accumulate at 3520. Stop-loss can be placed at 3490

16790 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

16600

16400

16880

17100

Initiate fresh short positions with a stop-loss at 16720 only if the contract breaks below 16600.

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

Published on March 02, 2022
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