Day Trading Guide For July 19, 2022

BL Research Bureau | Updated on: Jul 18, 2022

Day Trading Guide gives you the key intraday supports and resistances to watch out for on the Nifty Futures and other widely traded stocks such as Reliance Industries, Infosys, HDFC Bank, TCS, SBI. Based on the trend, it also gives intraday trade recommendations with specific entry as well as stop-loss levels. The mentioned resistances and supports will be the exit levels. Do note that the recommendations are based on Technical Analysis and there is a risk of loss in trading.

₹1348 • HDFC Bank

S1	S2	R1	R2	COMMENT
1330	1300	1360	1380	Outlook is bearish. Go short now and at 1355. Keep the stop-loss at 1370

₹1490 • Infosys

S1	S2	R1	R2	COMMENT
1470	1445	1520	1550	Initiate fresh longs now and accumulate on dips at 1475 with a stop-loss at 1460

₹295 • ITC

S1	S2	R1	R2	COMMENT
293	290	297	300	Resistance ahead. Go long only on a break above 297. Stop-loss can be kept at 294.

₹130 • ONGC

S1	S2	R1	R2	COMMENT
127	124	133	135	Can go either way from here. Avoid trading this stock until a clarity is obtained

₹2422 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2400	2370	2440	2470	Wait for a rise. Go short on a reversal from 2440 with a stop-loss at 2455

₹490 • SBI

S1	S2	R1	R2	COMMENT
486	482	492	502	Initiate fresh longs only if SBI breaks above 492. Keep the stop-loss at 489

₹3060 • TCS

S1	S2	R1	R2	COMMENT
3040	3020	3080	3110	Go long with a stop-loss at 3065 only if TCS breaks above the resistance at 3080.

16313 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
16240	16170	16380	16460	Go long now and accumulate on dips at 16270. Stop-loss can be placed at 16210

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

Published on July 19, 2022

COMMENTS

Comments will be moderated by The Hindu BusinessLine editorial team.
Comments that are abusive, personal, incendiary or irrelevant cannot be published.
Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
We may remove hyperlinks within comments.
Please use a genuine email ID and provide your name, to avoid rejection.