Day Trading Guide For July 5

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

 

₹2103 • HDFC Bank

S1

S2

R1

R2

COMMENT

2088

2075

2115

2127

Initiate fresh long positions with a fixed stop-loss if the stock reverses higher from ₹2088 levels

 

₹1344 • Infosys

S1

S2

R1

R2

COMMENT

1335

1325

1354

1365

The stock can witness a corrective decline. Buy in declines while maintaining a stiff stop-loss at ₹1,325 levels

 

₹264 • ITC

S1

S2

R1

R2

COMMENT

262

259

268

271

Fresh long positions can be initiated with a fixed stop-loss if the stock of ITC rallies above ₹268 levels

 

₹155 • ONGC

S1

S2

R1

R2

COMMENT

153

151

158

161

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

 

₹990 • Reliance Ind.

S1

S2

R1

R2

COMMENT

980

968

1000

1010

Initiate fresh long positions with a stiff stop-loss only if the stock of RIL rebounds up from ₹980 levels

 

₹257 • SBI

S1

S2

R1

R2

COMMENT

254

248

262

267

Fresh long positions are recommended with a tight stop-loss only if the stock advances above ₹262 levels

 

₹1869 • TCS

S1

S2

R1

R2

COMMENT

1850

1830

1890

1910

Utilise intra-day dips to buy the stock of TCS while maintaining a fixed stop-loss at ₹1,850 levels

 

10771 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10723

10675

10825

10875

Consider initiating fresh long positions with a fixed stop-loss if the contract reverses higher from 10,723 levels

 

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

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