The ‘Day Trading Guide’ gives you the key intraday supports and resistances to watch out for on the Nifty Futures and other widely traded stocks such as Reliance Industries, Infosys, HDFC Bank, TCS and SBI. Based on the trend, it also gives intraday trade recommendations with specific entry as well as stop-loss levels. The mentioned resistances and supports will be the exit levels. Do note that the recommendations are based on Technical Analysis and there is a risk of loss in trading.
₹1396 • HDFC Bank
|
S1
|
S2
|
R1
|
R2
|
COMMENT
|
|
1375
|
1355
|
1400
|
1440
|
Initiate fresh long positions only if the stock breaks above 1400. Keep the stop-loss at 1380
|
₹1499 • Infosys
|
S1
|
S2
|
R1
|
R2
|
COMMENT
|
|
1475
|
1455
|
1525
|
1560
|
Near-term outlook is positive. Go long now and on dips at 1480. Stop-loss can be kept at 1465
|
₹292 • ITC
|
S1
|
S2
|
R1
|
R2
|
COMMENT
|
|
285
|
280
|
293
|
296
|
Upmove seems to have resumed. Initiate fresh long positions now with a stop-loss at 283
|
₹124 • ONGC
|
S1
|
S2
|
R1
|
R2
|
COMMENT
|
|
119
|
116
|
126
|
130
|
Rally may not sustain. Go short on a break below 119. Keep the stop-loss at 121
|
₹2388 • Reliance Ind.
|
S1
|
S2
|
R1
|
R2
|
COMMENT
|
|
2370
|
2310
|
2440
|
2515
|
Can move up before further fall. Go short on a rally to 2435. Stop-loss can be kept at 2465.
|
₹487 • SBI
|
S1
|
S2
|
R1
|
R2
|
COMMENT
|
|
477
|
472
|
484
|
486
|
Price action is bullish. Initiate fresh long positions now with a stop-loss at 480
|
₹3288 • TCS
|
S1
|
S2
|
R1
|
R2
|
COMMENT
|
|
3235
|
3200
|
3305
|
3360
|
Resistance ahead. Go long only if TCS breaks above 3305. Keep the stop-loss at 3260
|
16161 • Nifty 50 Futures
|
S1
|
S2
|
R1
|
R2
|
COMMENT
|
|
16050
|
16000
|
16200
|
16300
|
Initiate fresh long positions only if the contract breaks out of 16200. Stop-loss at 16,050.
|
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.
Published on
July 08, 2022
