Day Trading Guide for February 14, 2020
Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:
₹1241 • HDFC Bank
| S1 | S2 | R1 | R2 | COMMENT |
| 1227 | 1213 | 1255 | 1270 | Fresh short positions can be initiated with a fixed stop-loss if the stock fails to move beyond ₹1,255 levels |
₹792 • Infosys
| S1 | S2 | R1 | R2 | COMMENT |
| 785 | 777 | 800 | 810 | Near-term stance is positive for the stock. Buy in declines while maintaining a stiff stop-loss at ₹785 levels |
₹211 • ITC
| S1 | S2 | R1 | R2 | COMMENT |
| 209 | 206 | 215 | 218 | Initiate fresh short positions with a tight stop-loss if the stock of ITC falls below ₹209 levels |
₹105 • ONGC
| S1 | S2 | R1 | R2 | COMMENT |
| 103 | 100 | 108 | 111 | Consider initiating fresh short positions with a fixed stop-loss only if the stock declines below ₹103 levels |
₹1473 • Reliance Ind.
| S1 | S2 | R1 | R2 | COMMENT |
| 1460 | 1445 | 1485 | 1500 | Initiate fresh long positions with a tight stop-loss only if the stock of RIL reverses higher from ₹1,460 levels |
₹327 • SBI
| S1 | S2 | R1 | R2 | COMMENT |
| 321 | 315 | 333 | 340 | Last session, the stock managed to rally on the back of buying interest. Buy in declines with a stop-loss at ₹321 |
₹2191 • TCS
| S1 | S2 | R1 | R2 | COMMENT |
| 2170 | 2150 | 2210 | 2230 | Make use of intra-day dips to buy the stock of TCS while retaining a fixed stop-loss at ₹2,170 levels |
12174 • Nifty 50 Futures
| S1 | S2 | R1 | R2 | COMMENT |
| 12125 | 12075 | 12225 | 12275 | Fresh short positions can be initiated with a tight stop-loss only if the contract declines below 12,125 levels |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.