Day trading guide

Day Trading Guide For July 19

| Updated on July 18, 2018 Published on July 18, 2018

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

₹2176 • HDFC Bank

S1

S2

R1

R2

COMMENT

2165

2150

2190

2205

The stock witnesses selling pressure at higher levels. Go short with a fixed stop-loss if it fails to move beyond ₹2190 levels

 

₹1322 • Infosys

S1

S2

R1

R2

COMMENT

1310

1295

1335

1350

Initiate fresh long positions with a stiff stop-loss only if the stock of Infosys advances above ₹1,335 levels

 

₹268 • ITC

S1

S2

R1

R2

COMMENT

266

263

271

274

Consider initiating fresh short positions with a tight stop-loss if the stock fails to move beyond ₹271 levels

 

₹160 • ONGC

S1

S2

R1

R2

COMMENT

157

154

163

166

The stock experiences buying interest at lower levels. It gained 2.7 per cent last session. Buy in declines

 

₹1090 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1075

1060

1105

1120

Fresh long positions are recommended with a stiff stop-loss only if the stock RIL rallies above ₹1105 levels

 

₹259 • SBI

S1

S2

R1

R2

COMMENT

254

250

265

270

Initiate fresh long positions with a stiff stop-loss only if the stock of SBI reverses higher from ₹254 levels

 

₹1997 • TCS

S1

S2

R1

R2

COMMENT

1980

1960

2020

2040

Fresh long positions can be initiated with a tight stop-loss if the stock rebounds up from ₹1,980 levels

 

10978 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10930

10880

11025

11070

Initiate fresh long positions with a fixed stop-loss only if the contract advances above 11,025 levels

 

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

Published on July 18, 2018
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