Day trading guide

Day Trading Guide for July 24, 2019

| Updated on July 24, 2019 Published on July 24, 2019

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

₹2263 • HDFC Bank

S1

S2

R1

R2

COMMENT

2250

2235

2280

2297

Fresh long positions are recommended with a stiff stop-loss only if the stock climbs above ₹2,280 levels

 

₹789 • Infosys

S1

S2

R1

R2

COMMENT

782

772

797

805

Initiate fresh long positions with a stiff stop-loss if the stock of Infosys rallies beyond ₹797 levels

 

₹270 • ITC

S1

S2

R1

R2

COMMENT

267

264

273

276

The stock faces a key resistance ahead. Go long with a tight stop-loss on a strong rally above ₹273 levels

 

₹144 • ONGC

S1

S2

R1

R2

COMMENT

141

138

148

151

Consider initiating fresh long positions with a fixed stop-loss if the stock of ONGC reverses higher from ₹141

 

₹1272 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1260

1245

1285

1300

Fresh long positions can be initiated with a tight stop-loss if the stock advances above ₹1,285 levels

 

₹342 • SBI

S1

S2

R1

R2

COMMENT

336

330

348

355

Make use of intra-day rallies to initiate fresh short positions while retaining a fixed stop-loss ₹348 levels

 

₹2111 • TCS

S1

S2

R1

R2

COMMENT

2090

2070

2130

2150

Fresh long positions can be initiated with a stiff stop-loss only if the stock moves above ₹2,130 levels

 

11333 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11280

11230

11375

11425

Consider initiating fresh long positions with a fixed stop-loss only if the contract rallies above 11,375 levels

 

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

Published on July 24, 2019
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