Day trading guide

Day Trading Guide for July 19, 2019

| Updated on July 19, 2019 Published on July 19, 2019

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

₹2403 • HDFC Bank

S1

S2

R1

R2

COMMENT

2390

2375

2415

2430

Fresh short positions are recommended with a fixed stop-loss only if the stock declines below ₹2,390 levels

 

₹793 • Infosys

S1

S2

R1

R2

COMMENT

784

774

805

815

Make use of intra-day dips to buy the stock while maintaining a stiff stop-loss at ₹784 levels

 

₹272 • ITC

S1

S2

R1

R2

COMMENT

270

267

275

278

Initiate fresh long positions with a tight stop-loss only if the stock of ITC moves beyond ₹275 levels

 

₹143 • ONGC

S1

S2

R1

R2

COMMENT

140

137

146

149

Near-term outlook is bearish for the stock. Sell in rallies while retaining a fixed stop-loss at ₹146 levels

 

₹1261 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1248

1232

1275

1290

Initiate fresh short positions with a fixed stop-loss if the stock of RIL fails to rally above ₹1,275 levels

 

₹363 • SBI

S1

S2

R1

R2

COMMENT

358

352

369

374

Witnessing selling pressure at higher levels, the stock fell 2.3 per cent last session. Sell in rallies

 

₹2065 • TCS

S1

S2

R1

R2

COMMENT

2045

2025

2085

2105

Fresh short positions can be initiated with a stiff stop-loss if the stock of TCS reverses down from ₹2,085 levels

 

11604 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11550

11500

11650

11700

Consider initiating fresh long positions with a tight stop-loss only if the contract advances above 11,650 levels

 

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

Published on July 19, 2019
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