Day Trading Guide for July 27

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

₹2189 • HDFC Bank

S1

S2

R1

R2

COMMENT

2175

2160

2200

2215

Outlook is bullish of the stock. Make use of intra-day dips to buy the stock with a fixed stop-loss at ₹2175 levels

 

₹1375 • Infosys

S1

S2

R1

R2

COMMENT

1365

1350

1385

1395

The stock experiences selling pressure at higher levels. Go short with a stiff stop-loss if it fails to move beyond ₹1385 levels

 

₹287 • ITC

S1

S2

R1

R2

COMMENT

285

282

289

292

Fresh short positions are recommended with a tight stop-loss only if the stock of ITC declines below ₹285 levels

 

₹162 • ONGC

S1

S2

R1

R2

COMMENT

159

156

165

168

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

 

₹1110 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1100

1090

1122

1135

Initiate fresh short positions with a fixed stop-loss only if the stock reverses down from ₹1122 levels

 

₹286 • SBI

S1

S2

R1

R2

COMMENT

281

275

290

295

Near-term stance is positive for the stock of SBI. Buy in dips with a fixed stop-loss placed at ₹281 levels

 

₹1963 • TCS

S1

S2

R1

R2

COMMENT

1940

1920

1980

2000

Initiate fresh short positions with a stiff stop-loss if the stock of TCS reverses down from ₹1980 levels

 

11161 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11120

11070

11200

11250

Near-term view is bullish for the contract as long as it trades above 11,120. Consider buying with a tight stop-loss

 

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

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