Day trading guide

Day Trading Guide for July 9, 2019

| Updated on July 08, 2019 Published on July 09, 2019

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

₹2407 • HDFC Bank

S1

S2

R1

R2

COMMENT

2390

2375

2420

2435

Make use of intra-day to rallies to initiate fresh short positions with a fixed stop-loss at ₹2,420 levels

 

₹717 • Infosys

S1

S2

R1

R2

COMMENT

712

702

725

733

Fresh short positions can be initiated with a stiff stop-loss only if the stock falls below ₹712 levels

 

₹277 • ITC

S1

S2

R1

R2

COMMENT

274

271

280

283

Consider initiating fresh long positions with a fixed stop-loss if the stock of ITC moves beyond ₹280 levels

 

₹152 • ONGC

S1

S2

R1

R2

COMMENT

149

146

155

158

Near-term outlook is bearish for the stock of ONGC. Sell in rallies while retaining a fixed stop-loss at ₹155 levels

 

₹1251 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1235

1220

1265

1280

Initiate fresh short positions with a stiff stop-loss if the stock of RIL fails to move beyond ₹1,265 levels

 

₹355 • SBI

S1

S2

R1

R2

COMMENT

350

340

360

367

The stock is experiencing selling pressure at higher levels. Sell in rallies with a tight stop-loss at ₹360 levels

 

₹2176 • TCS

S1

S2

R1

R2

COMMENT

2155

2135

2195

2220

Fresh long positions can be initiated with fixed stop-loss if the stock of TCS rebounds up from ₹2,155 levels

 

11566 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11515

11465

11620

11670

Fresh long positions are recommended with a tight stop-loss only if the contract advances above 11,620 levels

 

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

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