Day trading guide

Day Trading Guide For July 20

| Updated on July 19, 2018 Published on July 19, 2018

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

₹2185 • HDFC Bank

S1

S2

R1

R2

COMMENT

2171

2155

2200

2215

Fresh long positions can be initiated with a fixed stop-loss only if the stock rallies beyond ₹2200 levels

 

₹1316 • Infosys

S1

S2

R1

R2

COMMENT

1303

1288

1330

1345

Consider initiating fresh long positions with a tight stop-loss if the stock reverses higher from ₹1303 levels

 

₹272 • ITC

S1

S2

R1

R2

COMMENT

269

266

275

278

Initiate fresh long positions with a stiff stop-loss if the stock of ITC rebounds up from ₹269 levels

 

₹161 • ONGC

S1

S2

R1

R2

COMMENT

159

156

164

167

Make use of intra-day declines to buy the stock of ONGC while maintaining a fixed stop-loss at ₹159 levels

 

₹1103 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1088

1075

1115

1130

Fresh long positions can be initiated with a tight stop-loss if the stock reverses higher from ₹1088 levels

 

₹260 • SBI

S1

S2

R1

R2

COMMENT

255

250

265

270

Utilise intra-day dips to buy the stock while retaining a stiff stop-loss at ₹255 levels

 

₹1981 • TCS

S1

S2

R1

R2

COMMENT

1960

1940

2000

2020

Initiate fresh short positions with a stiff stop-loss only if the stock declines below ₹1960 levels

 

10973 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10925

10880

11020

11070

Consider initiating fresh long positions with a fixed stop-loss if the contract manages to bounce back from 10925 levels

 

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

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