Day trading guide

Day Trading Guide for July 15, 2021

| Updated on July 14, 2021

₹1499 • HDFC Bank

S1

S2

R1

R2

COMMENT

1480

1450

1520

1545

Buy the stock of HDFC Bank if it bounces off the support at ₹1,480; maintain a tight stop-loss

₹1577 • Infosys

S1

S2

R1

R2

COMMENT

1550

1535

1590

1620

Initiate fresh long positions with stop-loss at ₹1,560 as the stock has moves past ₹1,575

₹204 • ITC

S1

S2

R1

R2

COMMENT

202

200

205

208

Initiate fresh long positions with stop-loss at ₹202 if the stock breaks out of resistance at ₹205

₹120 • ONGC

S1

S2

R1

R2

COMMENT

118

116

122

125

The stock of ONGC is witnessing buying interest at lower levels. Buy on dips with a fixed stop-loss

₹2086 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2085

2065

2115

2135

Consider initiating fresh long positions with a stiff stop-loss only if the stock rallies above ₹2,100

₹431 • SBI

S1

S2

R1

R2

COMMENT

424

419

435

440

Initiate fresh long positions with a tight stop-loss if the stock of SBI breaches the hurdle at ₹435

₹3214 • TCS

S1

S2

R1

R2

COMMENT

3170

3150

3215

3235

Fresh short positions can be initiated with a stiff stop-loss as the stock is currently near a resistance

15869 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

15850

15800

15900

15940

Initiate fresh short positions with a tight stop-loss if the contract reverses lower from 15,900 levels

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

Published on July 15, 2021

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