Day Trading Guide For July 13

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

₹2165 • HDFC Bank

S1

S2

R1

R2

COMMENT

2150

2135

2179

2195

Make use of intra-day dips to buy the stock while maintaining a fixed stop-loss at ₹2,150 levels

 

₹1294 • Infosys

S1

S2

R1

R2

COMMENT

1280

1265

1310

1325

Fresh short positions can be initiated with a stiff stop-loss if the stock of Infosys fails to climb above ₹1,310 levels

 

₹276 • ITC

S1

S2

R1

R2

COMMENT

273

270

278

281

Fresh long positions can be initiated with a fixed stop-loss if the stock of ITC reverses higher from ₹273 levels

 

₹159 • ONGC

S1

S2

R1

R2

COMMENT

157

154

161

164

Make use of intra-day dips to buy the stock of ONGC while retaining a stiff stop-loss at ₹157 levels

 

₹1082 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1070

1055

1095

1110

Near-term outlook is bullish for the stock of RIL. Buy in declines with a tight stop-loss at ₹1070 levels

 

₹262 • SBI

S1

S2

R1

R2

COMMENT

258

254

266

271

Fresh long positions are recommended with a tight stop-loss only if the stock rallies above ₹266 levels

 

₹1971 • TCS

S1

S2

R1

R2

COMMENT

1950

1930

1990

2010

Initiate fresh long positions with a fixed stop-loss only if the stock rebounds up from ₹1,950 levels

 

11016 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10970

10925

11070

11120

Fresh long positions can be initiated with a tight stop-loss if the contract reverses higher from 10,970 levels

 

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

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