Day trading guide

Day Trading Guide For July 25

| Updated on January 11, 2018 Published on July 24, 2017

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

9955 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9910

9860

10000

10040

Consider initiating fresh long position with a tight stop-loss as long as the contract trades above 9910 levels



₹1734 • HDFC Bank

S1

S2

R1

R2

COMMENT

1725

1715

1740

1750

Outlook will remain bullish as long as the stock trades above ₹1725 levels. Buy in dips with a fixed stop-loss



₹991 • Infosys

S1

S2

R1

R2

COMMENT

980

970

1000

1010

Fresh long positions are recommended with a tight stop-loss only if the stock moves beyond ₹1000 levels



₹293 • ITC

S1

S2

R1

R2

COMMENT

290

287

297

300

Initiate fresh short positions with a stiff stop-loss if the stock reverses down from ₹297 levels



₹163 • ONGC

S1

S2

R1

R2

COMMENT

161

158

165

168

Make use of intra-day dips to buy the stock while maintaining a fixed stop-loss at ₹161 levels



₹1616 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1600

1580

1625

1635

Near-term outlook for the stock stays positive above ₹1600. Buy in declines with tight stop-loss at this level



₹294 • SBI

S1

S2

R1

R2

COMMENT

291

287

297

300

Consider initiating fresh long position with a stiff stop-loss only if the stock of SBI moves beyond ₹297 levels



₹2532 • TCS

S1

S2

R1

R2

COMMENT

2510

2490

2550

2570

Near-term outlook is bullish for TCS. Buy the stock in dips while maintaining a stop-loss at ₹2510 levels



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

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