Day trading guide

Day Trading Guide For July-10

Gurumurthy K | Updated on July 09, 2018 Published on July 09, 2018

₹2121 • HDFC Bank

S1

S2

R1

R2

COMMENT

2110

2085

2135

2160

Resistance ahead. Go long only if the stock breaks above ₹2,135. Keep the stop-loss at ₹2,120

₹1299 • Infosys

S1

S2

R1

R2

COMMENT

1265

1240

1310

1340

Initiate fresh long positions with a stop-loss at ₹1,285 only if the stock breaks above ₹1,310

₹274 • ITC

S1

S2

R1

R2

COMMENT

270

267

278

282

Outlook is bullish. Go long and also accumulate on dips. Stop-loss can be placed at ₹269

₹157 • ONGC

S1

S2

R1

R2

COMMENT

155

152

159

162

Stuck in a narrow range. Avoid trading this stock until a clear trade signal emerges

₹995 • Reliance Ind.

S1

S2

R1

R2

COMMENT

980

960

1000

1010

Go long with a stop-loss at ₹985 only if RIL breaches the psychological resistance level of ₹1,000

₹261 • SBI

S1

S2

R1

R2

COMMENT

259

255

264

267

Near-term bias is turning positive. Go long and also accumulate on dips with a stop-loss at ₹258.

₹1887 • TCS

S1

S2

R1

R2

COMMENT

1875

1850

1900

1930

Wait for dips and go long if the stock bounces from ₹1,875. Stop-loss can be placed at ₹1,860

10859 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10830

10800

10875

10900

Near-term view is positive. Go long and also accumulate on dips with a stop-loss at 10,825

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

Published on July 09, 2018
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