Day Trading Guide for July 5, 2019

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

₹2483 • HDFC Bank

S1

S2

R1

R2

COMMENT

2470

2455

2495

2510

Fresh short positions can be initiated with a fixed stop-loss if the stock falls below ₹2,470 levels

 

₹733 • Infosys

S1

S2

R1

R2

COMMENT

728

720

740

745

Consider initiating fresh long positions with a stiff stop-loss only if the stock advances above ₹740 levels

 

₹277 • ITC

S1

S2

R1

R2

COMMENT

274

271

280

283

Fresh long positions are recommended with a tight stop-loss only if the stock of ITC moves beyond ₹280 levels

 

₹167 • ONGC

S1

S2

R1

R2

COMMENT

163

160

170

173

Initiate fresh long positions with a tight stop-loss only if the stock of ONGC rallies above ₹170 levels

 

₹1283 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1270

1265

1295

1310

The stock faces a key resistance ahead. Go long with a stiff stop-loss only if the stock gains above ₹1,295 levels

 

₹367 • SBI

S1

S2

R1

R2

COMMENT

362

355

372

377

Make use of intra-day declines to buy the stock of SBI while maintaining a fixed stop-loss at ₹362 levels

 

₹2242 • TCS

S1

S2

R1

R2

COMMENT

2220

2200

2260

2280

The stock is trading in a narrow range. Take long positions with a stiff stop-loss only if it rallies above ₹2,260

 

11979 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11940

11900

12025

12075

Fresh long positions can be initiated with tight stop-loss if the contract reverses higher from 11,940 levels

 

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

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