Day trading guide

Day Trading Guide For July 26, 2019

| Updated on July 25, 2019 Published on July 26, 2019

 

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

₹2285 • HDFC Bank

S1

S2

R1

R2

COMMENT

2270

2255

2300

2315

Fresh short positions are recommended with a stiff stop-loss only if the stock declines below ₹2,270 levels

 

₹795 • Infosys

S1

S2

R1

R2

COMMENT

786

780

802

810

Initiate fresh long positions with a fixed stop-loss if the stock of Infosys advances above ₹802 levels

 

₹268 • ITC

S1

S2

R1

R2

COMMENT

265

262

271

274

Make use of intra-day rallies to initiate fresh short positions while retaining a stiff stop-loss at ₹271 levels

 

₹143 • ONGC

S1

S2

R1

R2

COMMENT

141

138

147

150

Utilise intra-day declines to buy the stock of ONGC while maintaining a tight stop-loss at ₹141 levels

 

₹1232 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1215

1200

1246

1260

Initiate fresh short positions with a fixed stop-loss only if the stock of RIL fails to move beyond ₹1,246 levels

 

₹341 • SBI

S1

S2

R1

R2

COMMENT

335

328

347

355

Consider initiating fresh short positions with a stiff stop-loss if the stock of SBI reverses down from ₹347 levels

 

₹2128 • TCS

S1

S2

R1

R2

COMMENT

2110

2090

2150

2170

Fresh long positions can be initiated with a stiff stop-loss if the stock rebounds up from ₹2,110 levels

 

11247 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11200

11150

11315

11380

Consider initiating fresh long positions with a tight stop-loss if the contract manages to rally above 11,315 levels

 

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

Published on July 26, 2019
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