Day Trading Guide for June 29

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

₹2132 • HDFC Bank

S1

S2

R1

R2

COMMENT

2120

2105

2134

2255

As long as the stock trades above ₹2120, the near-term view will remain positive. Buy in dips with a fixed stop-loss

 

₹1288 • Infosys

S1

S2

R1

R2

COMMENT

1277

1265

1298

1310

Initiate fresh long positions with a tight stop-loss if the stock of Infosys rebounds up from ₹1277 levels

 

₹260 • ITC

S1

S2

R1

R2

COMMENT

258

255

263

266

Make use of intra-day rallies to sell the stock of ITC while maintaining a stiff stop-loss at ₹263 levels

 

₹154 • ONGC

S1

S2

R1

R2

COMMENT

152

149

156

159

Consider initiating fresh long positions with a tight stop-loss only if the stock of ONGC rallies above ₹156 levels

 

₹944 • Reliance Ind.

S1

S2

R1

R2

COMMENT

933

920

957

970

Near-term stance is bearish for the stock of RIL. Sell in rallies while retaining a fixed stop-loss at ₹957 levels

 

₹256 • SBI

S1

S2

R1

R2

COMMENT

253

248

262

268

Fresh short positions can be initiated with a stiff stop-loss if the stock of SBI reverses down from ₹262 levels

 

₹1847 • TCS

S1

S2

R1

R2

COMMENT

1830

1810

1870

1890

Consider initiating fresh short positions with a fixed stop-loss if the stock falls below ₹1830 levels

 

10590 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10550

10500

10640

10690

Fresh short positions can be initiated with a stiff stop-loss if the contract fails to move beyond 10640 levels

 

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

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