Day trading guid

Day Trading Guide for February 17, 2021

| Updated on February 16, 2021 Published on February 17, 2021

₹1626 • HDFC Bank

S1

S2

R1

R2

COMMENT

1608

1592

1640

1655

Initiate fresh long positions with a stiff stop-loss if the stock reverses higher from ₹1,608 levels

₹1290 • Infosys

S1

S2

R1

R2

COMMENT

1280

1265

1303

1318

Fresh short positions are recommended with a fixed stop-loss if the stock of Infosys falls below ₹1,280 levels

₹218 • ITC

S1

S2

R1

R2

COMMENT

215

211

222

225

Consider initiating fresh short positions with a stiff stop-loss if the stock of ITC fails to move beyond ₹222

₹103 • ONGC

S1

S2

R1

R2

COMMENT

100

97

106

109

Make use of intraday dips buy the stock of ONGC while maintaining a stop-loss at ₹100 levels

₹2059 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2040

2020

2075

2095

Fresh long positions can be initiated with a tight stop-loss if the stock rebounds up from ₹2,040 levels

₹402 • SBI

S1

S2

R1

R2

COMMENT

396

390

410

416

Fresh short positions can be initiated with a fixed stop-loss only if the stock falls below ₹396 levels

₹3109 • TCS

S1

S2

R1

R2

COMMENT

3090

3070

3135

3158

Currently the stock tests a key support at ₹3,100. Go short with fixed stop-loss on a fall below ₹3,090

15330 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

15260

15200

15380

15430

Consider initiating fresh long positions with a tight stop-loss only if the contract rallies above 15,380 levels

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

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Published on February 17, 2021
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