Day trading guid

Day Trading Guide for July 16, 2021

| Updated on July 15, 2021

₹1520 • HDFC Bank

S1

S2

R1

R2

COMMENT

1500

1480

1545

1560

The stock is likely to rally and so, initiate fresh long positions on dips with stop-loss at ₹1,495

₹1580 • Infosys

S1

S2

R1

R2

COMMENT

1550

1535

1590

1620

Initiate fresh long positions with stop-loss at ₹1,580 if only the stock rallies past ₹1,590

₹206 • ITC

S1

S2

R1

R2

COMMENT

202

200

208

211

Since the stock has bounced off a strong support, buy on dips with a stop-loss at ₹202

₹117 • ONGC

S1

S2

R1

R2

COMMENT

117

113

120

122

Sell the stock of ONGC if it slips below the support of ₹117; maintain a tight stop-loss

₹2082 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2080

2065

2115

2135

Consider initiating fresh short positions with a stiff stop-loss if the stock falls below₹2,080

₹431 • SBI

S1

S2

R1

R2

COMMENT

424

419

435

440

Initiate fresh long positions with a tight stop-loss if the stock of SBI breaches the hurdle at ₹435

₹3203 • TCS

S1

S2

R1

R2

COMMENT

3170

3150

3215

3235

Fresh short positions can be initiated with a stiff stop-loss in case if the stock declines below ₹3,200

15940 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

15900

15850

16000

16050

Initiate fresh long positions with a tight stop-loss if the contract rallied past 15,950 levels

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

Published on July 16, 2021

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.