Day trading guide

Day Trading Guide for August 1, 2019

| Updated on August 01, 2019 Published on August 01, 2019

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

₹2251 • HDFC Bank

S1

S2

R1

R2

COMMENT

2235

2220

2265

2280

Consider initiating fresh long positions with a stiff stop-loss if the stock rallies above ₹2,265 levels

 

₹794 • Infosys

S1

S2

R1

R2

COMMENT

787

781

799

807

Make use of intra-day dips to initiate fresh long positions while retaining a tight stop-loss at ₹787 levels

 

₹270 • ITC

S1

S2

R1

R2

COMMENT

267

264

273

276

Initiate fresh long positions with a tight stop-loss if the stock of ITC rebounds up from ₹267 levels

 

₹138 • ONGC

S1

S2

R1

R2

COMMENT

136

133

142

145

Fresh long positions are recommended with a stiff stop-loss only if the stock of ONGC rallies above ₹142 levels

 

₹1166 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1150

1135

1180

1195

Initiate fresh long positions with a stiff stop-loss if the stock of RIL reverses higher from ₹1,150 levels

 

₹332 • SBI

S1

S2

R1

R2

COMMENT

326

320

337

343

Consider initiating fresh long positions with a fixed stop-loss only if the stock of SBI moves beyond ₹337 levels

 

₹2205 • TCS

S1

S2

R1

R2

COMMENT

2185

2165

2225

2245

The stock experiences buying interest in declines. Buy in dips while maintaining a stop-loss at ₹326 levels

 

11132 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11080

11031

11180

11230

Fresh long positions can be initiated with a tight stop-loss if the contract advances above 11,180 levels

 

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

Published on August 01, 2019
This article is closed for comments.
Please Email the Editor