Day Trading Guide For July-18

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

9933 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9880

9830

9965

9998

Make use of intra-day declines to buy the contract while maintaining a tight stop-loss at 9880 levels



₹1682 • HDFC Bank

S1

S2

R1

R2

COMMENT

1670

1660

1690

1700

Fresh long positions can be initiated with a fixed stop-loss if the stock advances above ₹1690 levels



₹985 • Infosys

S1

S2

R1

R2

COMMENT

975

965

995

1005

Initiate fresh long position with a stiff stop-loss if the stock reverses higher from ₹975 levels



₹325 • ITC

S1

S2

R1

R2

COMMENT

322

319

329

332

The stock witnesses selling pressure at higher levels. Sell in rallies with a tight stop-loss at ₹329 levels



₹160 • ONGC

S1

S2

R1

R2

COMMENT

157

155

163

166

Make use of intra-day dips to buy the stock of ONGC with a fixed stop-loss at ₹157 levels



₹1551 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1530

1510

1570

1590

Near-term outlook is bullish for the stock of RIL. Buy in intra-day dips with a fixed stop-loss at ₹1530 levels



₹292 • SBI

S1

S2

R1

R2

COMMENT

290

287

296

299

Consider initiating fresh long positions with a tight stop-loss if the stock rebounds up from ₹290 levels



₹2395 • TCS

S1

S2

R1

R2

COMMENT

2375

2355

2415

2435

Fresh long positions are recommended with a stiff stop-loss only if the stock climbs beyond ₹2415 levels



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

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