Day trading guide

Day Trading Guide for July 22, 2020

| Updated on July 21, 2020 Published on July 22, 2020

₹1139 • HDFC Bank

S1

S2

R1

R2

COMMENT

1125

1110

1150

1160

Initiate fresh long positions with a stiff stop-loss if the stock reverses higher from ₹1,125 levels

₹936 • Infosys

S1

S2

R1

R2

COMMENT

925

915

945

955

Consider initiating fresh short positions with a fixed stop-loss only if the stock declines below ₹925 levels

₹192 • ITC

S1

S2

R1

R2

COMMENT

190

187

196

199

Initiate fresh short positions with a fixed stop-loss if the stock of ITC fails to move beyond ₹196 levels

₹82 • ONGC

S1

S2

R1

R2

COMMENT

80

78

85

88

Make use of intra-day declines to buy the stock of ONGC while maintaining a tight stop-loss at ₹80 levels

₹1971 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1950

1931

1985

2000

A near-term stance remains positive as long as the stock trades above ₹1,950 levels. Buy in dips

₹194 • SBI

S1

S2

R1

R2

COMMENT

190

185

200

205

Fresh long positions can be initiated with a fixed stop-loss if the stock of SBI rebounds up from ₹190 levels

₹2225 • TCS

S1

S2

R1

R2

COMMENT

2200

2175

2245

2265

Initiate fresh short positions are recommended with a stiff stop-loss only if the stock falls below ₹2,200 levels

11170 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11100

11025

11225

11275

Outlook stays positive as long as the contract trades above 11,100 levels. Buy in dips with a fixed stop-loss

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

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Published on July 22, 2020
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