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:

₹2176 • HDFC Bank

S1

S2

R1

R2

COMMENT

2165

2166

2190

2205

Initiate fresh long positions with a stiff stop-loss only if the stock rebounds up from ₹2165 levels

 

₹1327 • Infosys

S1

S2

R1

R2

COMMENT

1315

1300

1340

1355

The stock is experiencing buying interest at lower levels. Buy in declines with a fixed stop-loss at ₹1315 levels

 

₹269 • ITC

S1

S2

R1

R2

COMMENT

267

264

272

275

Fresh short positions can be initiated with a tight stop-loss if the stock of ITC fails to move beyond ₹272 levels

 

₹156 • ONGC

S1

S2

R1

R2

COMMENT

153

150

160

163

Make use of intra-day dips to buy the stock of ONGC while retaining a tight stop-loss at ₹153 levels

 

₹1091 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1075

1060

1105

1120

Consider initiating fresh long positions with a stiff stop-loss only if the stock of RIL climbs above ₹1105 levels

 

₹259 • SBI

S1

S2

R1

R2

COMMENT

254

250

265

270

Fresh long positions are recommended with a tight stop-loss only if the stock rallies beyond ₹265 levels

 

₹1997 • TCS

S1

S2

R1

R2

COMMENT

1980

1960

2020

2040

Initiate fresh long positions with a fixed stop-loss if the stock reverses higher from ₹1980 levels

 

11023 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10970

10925

11070

11120

Fresh long positions are can be initiated with a tight stop-loss if the contract rebounds up from 10970 levels

 

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

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