Day trading guide

Day Trading Guide for July 23, 2021

| Updated on July 22, 2021

₹1449 • HDFC Bank

S1

S2

R1

R2

COMMENT

1436

1420

1465

1480

Initiate fresh long positions with a tight stop-loss if the stock rebounds up from ₹1,436 levels

₹1590 • Infosys

S1

S2

R1

R2

COMMENT

1575

1560

1600

1615

Make use of intraday dips to buy the stock while retaining a stiff stop-loss at ₹1,575 levels

₹207 • ITC

S1

S2

R1

R2

COMMENT

205

202

209

211

Consider initiating fresh long positions with a fixed stop-loss if the stock of ITC reverses higher from ₹205 levels

₹115 • ONGC

S1

S2

R1

R2

COMMENT

112

110

117

120

Fresh long positions are recommended with a tight stop-loss only if the stock moves beyond ₹117 levels

₹2121 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2100

2080

2135

2150

Fresh long positions can be initiated with a stiff stop-loss if the stock of RIL bounces up from ₹2,100 levels

₹422 • SBI

S1

S2

R1

R2

COMMENT

417

412

427

432

Go long with a fixed stop-loss only if the stock of SBI advances above ₹427 levels

₹3217 • TCS

S1

S2

R1

R2

COMMENT

3200

3180

3240

3265

Fresh long positions can be initiated with a tight stop-loss if the stock moves beyond ₹3,240 levels

15816 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

15760

15700

15865

15910

Consider initiating fresh long positions with a tight stop-loss if the contract reverses higher from 15,760 levels

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

Published on July 23, 2021

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