Day Trading Guide for July 03\, 2019

Day Trading Guide for July 03, 2019

₹2494 • HDFC Bank

S1

S2

R1

R2

COMMENT

2480

2466

2510

2525

Fresh long positions are recommended with a fixed stop-loss only if the stock moves beyond ₹2,510 levels

₹739 • Infosys

S1

S2

R1

R2

COMMENT

731

725

745

752

Make use of intra-day dips to buy the stock of Infosys while maintaining a stiff stop-loss at ₹731 levels

₹273 • ITC

S1

S2

R1

R2

COMMENT

271

268

277

280

Initiate fresh short positions with a fixed stop-loss only if the stock of ITC falls below ₹271 levels

₹165 • ONGC

S1

S2

R1

R2

COMMENT

163

160

167

170

Consider initiating fresh long positions with a stiff stop-loss if the stock reverses higher from ₹163 levels

₹1278 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1265

1250

1295

1310

Initiate fresh long positions with a tight stop-loss if the stock rebounds up from ₹1,265 levels

₹364 • SBI

S1

S2

R1

R2

COMMENT

358

353

370

375

Make use of intra-day declines to buy the stock of SBI while retaining a fixed stop-loss at ₹358 levels

₹2252 • TCS

S1

S2

R1

R2

COMMENT

2230

2210

2270

2290

The stock witnesses buying interest at lower levels. Buy in declines with a fixed stop-loss at ₹2,230 levels

11942 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11900

11850

12000

12050

Consider initiating fresh long positions with a stiff stop-loss if the contract reverses higher from 11,900 levels

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

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