Day trading guide

Day Trading Guide for July 20, 2021

| Updated on July 19, 2021

₹1471 • HDFC Bank

S1

S2

R1

R2

COMMENT

1456

1430

1480

1500

As the stock slipped below the support of ₹1,480, consider selling it with stop-loss at ₹1,500

₹1541 • Infosys

S1

S2

R1

R2

COMMENT

1540

1500

1550

1570

Despite the decline, the stock held above support at ₹1,540; Can go long with tight stop-loss

₹207 • ITC

S1

S2

R1

R2

COMMENT

202

200

210

214

The stock faces a strong hurdle at ₹210; initiate fresh short positions with stop-loss at ₹210

₹114 • ONGC

S1

S2

R1

R2

COMMENT

111

108

117

120

Stock closed below the key base of ₹117; hence, sell the stock with stop-loss at ₹117

₹2099 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2070

2040

2115

2135

Consider initiating fresh long positions with a stiff stop-loss if the stock rallied past ₹2,100

₹428 • SBI

S1

S2

R1

R2

COMMENT

420

416

435

440

Initiate fresh long positions with a tight stop-loss if the stock of SBI rebounds from ₹420

₹3184 • TCS

S1

S2

R1

R2

COMMENT

3170

3100

3215

3235

Fresh short positions can be initiated with a stiff stop-loss in case if the stock declines below ₹3,170

15752 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

15700

15650

15800

15835

Initiate fresh long positions with a tight stop-loss if the contract decisively moves past 15,800

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

Published on July 20, 2021

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