Day trading guide

Day Trading Guide For July 5

| Updated on January 11, 2018 Published on July 04, 2017

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

9624 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9570

9520

9670

9715

Consider initiating fresh long positions with a tight stop-loss if the contract climbs beyond 9670 levels



₹1651 • HDFC Bank

S1

S2

R1

R2

COMMENT

1640

1630

1660

1670

Initiate fresh short positions with a stiff stop-loss if the stock reverses down from ₹1660 levels



₹960 • Infosys

S1

S2

R1

R2

COMMENT

950

940

968

978

Near-term view is positive for the stock of Infosys. Make use of intra-day dips to buy the stock with a fixed stop-loss



₹337 • ITC

S1

S2

R1

R2

COMMENT

334

331

340

343

Fresh long positions are recommended with a tight stop-loss only if the stock moves beyond ₹340 levels



₹159 • ONGC

S1

S2

R1

R2

COMMENT

157

155

162

165

Make use of intra-day declines to buy the stock while maintaining a fixed stop-loss at ₹157 levels



₹1422 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1400

1384

1440

1460

Consider initiating fresh long positions with a stiff stop-loss if the stock advances above ₹1440 levels



₹273 • SBI

S1

S2

R1

R2

COMMENT

271

268

276

280

Initiate fresh short positions with a stiff stop-loss if the stock fails to move beyond ₹276 levels once again



₹2364 • TCS

S1

S2

R1

R2

COMMENT

2350

2330

2380

2400

Fresh long positions can be initiated with a fixed stop-loss if the stock of TCS rebound up from ₹2350 levels



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

Published on July 04, 2017
This article is closed for comments.
Please Email the Editor