Day trading guide

Day Trading Guide for July 07, 2021

| Updated on July 06, 2021

₹1534 • HDFC Bank

S1

S2

R1

R2

COMMENT

1525

1500

1560

1575

Stock breaks resistance at ₹1,525 and turns bullish and so, go long with stop-loss at 1,515

₹1562 • Infosys

S1

S2

R1

R2

COMMENT

1550

1540

1575

1590

Can go short in the stock of Infosys with stop-loss at ₹1,575 if it slips below ₹1,550

₹202 • ITC

S1

S2

R1

R2

COMMENT

201

198

205

207

Initiate fresh short positions with a tight stop-loss only if the stock of ITC moves below ₹202

₹121 • ONGC

S1

S2

R1

R2

COMMENT

116

112

121

123

Fresh long positions are recommended with a stiff stop-loss if the stock rebounds from ₹121

₹2125 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2115

2100

2175

2200

Consider initiating fresh long positions with a tight stop-loss if the stock bounces off ₹2,115

₹430 • SBI

S1

S2

R1

R2

COMMENT

424

418

442

450

Go long in the stock of SBI if it breaks out of the resistance at ₹435; stop-loss can be at ₹425

₹3262 • TCS

S1

S2

R1

R2

COMMENT

3250

3200

3300

3335

Initiate fresh long positions in the stock of TCS if it bounces off the support at ₹3,250

15837 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

15820

15770

15850

15900

Fresh short positions can be initiated with a tight stop-loss if the contract decisively breaches 15,820

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

Published on July 07, 2021

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