Day trading guide

Day Trading Guide for July 23, 2020

| Updated on July 22, 2020 Published on July 23, 2020

₹1126 • HDFC Bank

S1

S2

R1

R2

COMMENT

1110

1093

1140

1155

Fresh long positions are recommended with a tight stop-loss if the stock jumps above ₹1,140 levels

₹919 • Infosys

S1

S2

R1

R2

COMMENT

910

900

930

940

Initiate fresh short positions can be initiated with a stiff stop-loss if the stock reverses down from ₹930 levels

₹196 • ITC

S1

S2

R1

R2

COMMENT

193

190

199

202

Fresh long positions can be initiated with a fixed stop-loss if the stock of ITC moves beyond ₹199 levels

₹82 • ONGC

S1

S2

R1

R2

COMMENT

80

78

85

88

Consider initiating fresh long positions with a fixed stop-loss if the stock rebounds up from ₹80 levels

₹2004 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1985

1965

2015

2030

Initiate fresh long positions with a tight stop-loss if the stock of reverses higher from ₹1,985 levels

₹192 • SBI

S1

S2

R1

R2

COMMENT

187

183

197

203

Consider initiating fresh long positions with a stiff stop-loss only if the stock of SBI advances above ₹197 levels

₹2189 • TCS

S1

S2

R1

R2

COMMENT

2170

2150

2110

2130

Make use of intra-day rallies to initiate fresh short positions with a fixed stop-loss ₹2,110 levels

11110 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11025

10060

11170

11225

Fresh long positions can be initiated with a tight stop-loss only if the contract rallies above 11,170 levels

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

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Published on July 23, 2020
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