Day trading guide

Day Trading Guide For August 1

| Updated on January 11, 2018 Published on July 31, 2017

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

₹1783 • HDFC Bank

S1

S2

R1

R2

COMMENT

1770

1755

1790

1810

Range-bound. Avoid trading this stock until the range breakout gives a clear trading signal



₹1011 • Infosys

S1

S2

R1

R2

COMMENT

1000

985

1020

1035

Near-term view is positive. Go long and also accumulate on dips with a stop-loss at ₹995



₹285 • ITC

S1

S2

R1

R2

COMMENT

280

276

287

292

Outlook is bearish. Go short and also accumulate on rallies with a stop-loss at ₹288



₹169 • ONGC

S1

S2

R1

R2

COMMENT

167

165

171

174

Initiate fresh long positions with a stop-loss at ₹169 only if the stock breaks above ₹171.



₹1614 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1600

1585

1630

1650

Outlook is bullish. Initiate fresh long positions at current levels with a stop-loss at ₹1590.



₹312 • SBI

S1

S2

R1

R2

COMMENT

310

300

315

320

Upmove has gained momentum. Initiate fresh long positions with a stop-loss at ₹309



₹2494 • TCS

S1

S2

R1

R2

COMMENT

2475

2450

2510

2540

Go long only if the stock breaks above ₹2510. Keep the stop-loss at ₹2490



10103 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10075

10045

10120

10150

Resistance ahead. Go long only if the contract breaks above 10,120. Keep the stop-loss at 10,090.



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

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Published on July 31, 2017
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