Day trading guide

Day Trading Guide for July 4

| Updated on July 03, 2018 Published on July 03, 2018

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

₹2070 • HDFC Bank

S1

S2

R1

R2

COMMENT

2060

2045

2085

2100

Fresh short positions are recommended with a stiff stop-loss only if the stock declines below ₹2060 levels

 

₹1353 • Infosys

S1

S2

R1

R2

COMMENT

1340

1330

1363

1375

Make use of intra-day dips to buy the stock of Infosys while maintaining a fixed stop-loss at ₹1,340 levels

 

₹265 • ITC

S1

S2

R1

R2

COMMENT

262

259

268

271

Initiate fresh long positions with a tight stop-loss if the stock of rebounds up from ₹262 levels

 

₹157 • ONGC

S1

S2

R1

R2

COMMENT

154

151

160

163

Consider buying the stock of ONGC in declines while retaining a tight stop-loss at ₹154 levels

 

₹971 • Reliance Ind.

S1

S2

R1

R2

COMMENT

960

949

985

995

Fresh long positions can be initiated with a tight stop-loss only if the stock of RIL rebounds up from ₹960 levels

 

₹257 • SBI

S1

S2

R1

R2

COMMENT

254

248

262

267

Initiate fresh short positions with a stiff stop-loss only if the stock of SBI falls below ₹254 levels

 

₹1875 • TCS

S1

S2

R1

R2

COMMENT

1855

1830

1890

1910

Outlook is bullish for the stock of TCS. Buy the stock in dips with a tight stop-loss at ₹1855 levels

 

10723 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10675

10630

10775

10825

Fresh long positions can be initiated with a tight stop-loss if the contract reverses higher from 10675 levels

 

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

Published on July 03, 2018
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