Day trading guide

Day Trading Guide for July 3

| Updated on July 02, 2018 Published on July 02, 2018

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

₹2073 • HDFC Bank

S1

S2

R1

R2

COMMENT

2060

2045

2085

2100

Make use of intra-day rallies to sell the stock while maintaining a fixed stop-loss at ₹2,085 levels

 

₹1334 • Infosys

S1

S2

R1

R2

COMMENT

1323

1310

1345

1355

Near-term outlook is bullish for the stock of Infosys. Buy in declines with a stiff stop-loss at ₹1323 levels

 

₹263 • ITC

S1

S2

R1

R2

COMMENT

260

258

266

269

Fresh long positions are recommended with a fixed stop-loss only if the stock of ITC moves beyond ₹266 levels

 

₹155 • ONGC

S1

S2

R1

R2

COMMENT

153

150

157

160

Initiate fresh long positions with a tight stop-loss if the stock of ONGC reverses higher from ₹153 levels

 

₹961 • Reliance Ind.

S1

S2

R1

R2

COMMENT

949

938

972

985

Make use of intra-day rallies to sell the stock of RIL while retaining a stiff stop-loss at ₹972 levels

 

₹259 • SBI

S1

S2

R1

R2

COMMENT

254

248

265

2670

Consider initiating fresh short positions with a fixed stop-loss if the stock declines below ₹254 levels

 

₹1855 • TCS

S1

S2

R1

R2

COMMENT

1830

1810

1870

1890

Fresh long positions can be initiated with a tight stop-loss if the stock rebounds up from ₹1830 levels

 

10658 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10610

10560

10700

10750

Consider initiating fresh long positions with a fixed stop-loss only if the contract advances above 10,700 levels

 

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

Published on July 02, 2018
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