Day trading guide

Day Trading Guide For July 23, 2019

| Updated on July 23, 2019 Published on July 23, 2019

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

₹2297 • HDFC Bank

S1

S2

R1

R2

COMMENT

2283

2270

2310

2325

Initiate fresh short positions with a stiff stop-loss if the stock fails to move beyond ₹2,310 levels

 

₹785 • Infosys

S1

S2

R1

R2

COMMENT

777

770

792

800

Consider initiating fresh long positions with a tight stop-loss if the stock rebounds up from ₹777 levels

 

₹264 • ITC

S1

S2

R1

R2

COMMENT

261

258

267

270

Near-term stance is bearish for the stock of ITC. Sell in rallies with a tight stop-loss at ₹267 levels

 

₹146 • ONGC

S1

S2

R1

R2

COMMENT

143

140

149

152

Fresh long positions are recommended with a fixed stop-loss only if the stock of ONGC rallies above ₹149 levels

 

₹1280 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1265

1249

1295

1310

Initiate fresh long positions with a stiff stop-loss if the stock of RIL reverses higher from ₹1,265 levels

 

₹350 • SBI

S1

S2

R1

R2

COMMENT

345

338

357

364

Fresh short positions can be initiated with a fixed stop-loss if the stock of SBI declines below ₹345 levels

 

₹2109 • TCS

S1

S2

R1

R2

COMMENT

2090

2070

2130

2150

Make use of intra-day dips to buy the stock of TCS while maintaining a stiff stop-loss at ₹2,090 levels

 

11360 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11310

11260

11410

11465

Fresh long positions can be initiated with a tight stop-loss if the contract advances above 11,410 levels

 

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

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on July 23, 2019
This article is closed for comments.
Please Email the Editor