Day trading guide

Day Trading Guide For July-25

Yoganand D, BL Research Bureau | Updated on July 24, 2018 Published on July 24, 2018

₹2160 • HDFC Bank

S1

S2

R1

R2

COMMENT

2145

2130

2172

2185

Fresh long positions are recommended with a fixed stop-loss only if the stock rallies above ₹2172 levels

₹1376 • Infosys

S1

S2

R1

R2

COMMENT

1360

1345

1388

1400

Near-term outlook is bullish for the stock. Make use of intra-day declines to buy the stock with a stop-loss at ₹1360

₹284 • ITC

S1

S2

R1

R2

COMMENT

281

278

286

289

Initiate fresh long positions with a stiff stop-loss if the stock reverses higher from ₹281 levels

₹157 • ONGC

S1

S2

R1

R2

COMMENT

154

151

159

162

Consider initiating fresh long positions with a fixed stop-loss only if the stock of ONGC moves beyond ₹159 levels

₹1110 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1100

1090

1122

1135

Fresh long positions can be initiated with a stiff stop-loss if the stock rebounds up from ₹1100 levels

₹266 • SBI

S1

S2

R1

R2

COMMENT

262

257

270

275

Initiate fresh long positions with a stiff stop-loss only if the stock of SBI moves beyond ₹270 levels

₹1996 • TCS

S1

S2

R1

R2

COMMENT

1980

1960

2020

2040

The stock is range-bound in a narrow range, near-term view is sideways. Desist trading in the stock for the session

11142 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11100

11050

11200

11250

Make use of intra-day declines to buy the contract while maintaining a fixed stop-loss at 11,100 levels

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

Published on July 24, 2018
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