Day Trading Guide For August 3

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

₹2129 • HDFC Bank

S1

S2

R1

R2

COMMENT

2115

2100

2145

2160

Make use of intra-day rallies to initiate fresh short positions with a stiff stop-loss at ₹2145 levels

 

₹1355 • Infosys

S1

S2

R1

R2

COMMENT

1340

1325

1365

1380

Consider initiating fresh long positions with a fixed stop-loss only if the stock rallies beyond ₹1365 levels

 

₹299 • ITC

S1

S2

R1

R2

COMMENT

297

295

302

305

Fresh long positions can be initiated with a stiff stop-loss if the stock of ITC rebounds up from ₹297 levels

 

₹166 • ONGC

S1

S2

R1

R2

COMMENT

163

160

169

172

The stock witnesses selling pressure at higher levels. Go short on a decline below ₹163 with a tight stop-loss

 

₹1168 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1155

1140

1185

1200

Fresh short positions can be initiated with a tight stop-loss only if the stock of RIL falls below ₹1155 levels

 

₹294 • SBI

S1

S2

R1

R2

COMMENT

290

285

298

303

Fresh short positions are recommended with a fixed stop-loss if the stock declines below ₹290 levels

 

₹1950 • TCS

S1

S2

R1

R2

COMMENT

1930

1910

1970

1990

Initiate fresh short positions with a stiff stop-loss if the stock fails to move beyond ₹1970 levels

 

11282 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11235

11180

11325

11375

Initiate fresh long positions with a tight stop-loss if the contract advances above 11,325 levels

 

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

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