Day trading guide

Day Trading Guide for July 31, 2019

| Updated on July 31, 2019 Published on July 31, 2019

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

₹2253 • HDFC Bank

S1

S2

R1

R2

COMMENT

2240

2225

2270

2285

Fresh long positions are recommended with a stiff stop-loss if the stock rallies above ₹2,270 levels

 

₹792 • Infosys

S1

S2

R1

R2

COMMENT

784

778

797

805

Initiate fresh long positions with a tight stop-loss only if the stock reverses higher from ₹784 levels

 

₹269 • ITC

S1

S2

R1

R2

COMMENT

266

263

272

275

Consider initiating fresh long positions with a fixed stop-loss if the stock of ITC rebounds up from ₹266 levels

 

₹138 • ONGC

S1

S2

R1

R2

COMMENT

136

133

142

145

Initiate fresh long positions with a stiff stop-loss only if the stock of ONGC advances above ₹142 levels

 

₹1180 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1165

1150

1195

1210

Near-term outlook is bearish for the stock of RIL. Make use of intra-day rallies to go short with a fixed stop-loss

 

₹327 • SBI

S1

S2

R1

R2

COMMENT

322

315

334

340

Make use of intra-day rallies to initiate fresh short positions while maintaining a stiff stop-loss at ₹334 levels

 

₹2179 • TCS

S1

S2

R1

R2

COMMENT

2160

2140

2200

2225

Near-term stance is positive for the stock of TCS. Buy in declines with a fixed stop-loss at ₹2,160 levels

 

11095 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11050

11000

11145

11195

Consider initiating fresh short positions with a tight stop-loss if the contract falls below 11,095 levels

 

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

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on July 31, 2019
This article is closed for comments.
Please Email the Editor