Day Trading Guide For July 11

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

₹2147 • HDFC Bank

S1

S2

R1

R2

COMMENT

2135

2122

2160

2175

Near-term outlook is bullish for the stock. Make use of intra-day declines to buy with a fixed stop-loss at ₹2135

 

₹1302 • Infosys

S1

S2

R1

R2

COMMENT

1290

1275

1315

1330

Fresh long positions are recommended with a stiff stop-loss only if the stock rallies above ₹1315 levels

 

₹276 • ITC

S1

S2

R1

R2

COMMENT

273

270

279

282

Make use of intra-day declines to buy the stock of ITC while maintaining a stop-loss at ₹273 levels

 

₹157 • ONGC

S1

S2

R1

R2

COMMENT

155

152

160

163

Initiate fresh long positions with a tight stop-loss if the stock of ONGC reverses higher from ₹155 levels

 

₹1025 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1015

1000

1035

1050

Experiencing buying interest, the stock of RIL surged 3 per cent last session. Buy in declines

 

₹263 • SBI

S1

S2

R1

R2

COMMENT

258

254

267

273

Initiate fresh long positions with a stiff stop-loss only if the stock of SBI rebounds up from ₹258 levels

 

₹1877 • TCS

S1

S2

R1

R2

COMMENT

1860

1840

1900

1920

Consider initiating fresh long positions with a tight stop-loss if the stock of TCS advances above ₹1900 levels

 

10947 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10900

10850

11000

11050

Near-term stance is bullish for the contract. Buy in declines while retaining a fixed stop-loss at 10,900 levels

 

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

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