Day trading guide for July 30, 2024: Intraday supports, resistances for Nifty50 stocks

BL Research Bureau Updated - July 30, 2024 at 06:20 AM.

Here are the intraday supports and resistances for widely traded stocks such as Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, TCS, and SBI

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.

₹1606 • HDFC Bank

S1	S2	R1	R2	COMMENT
1590	1550	1630	1650	Go short only below 1590. Keep the stop-loss at 1605

₹1872 • Infosys

S1	S2	R1	R2	COMMENT
1860	1840	1910	1950	Go long now and at 1865. Keep the stop-loss at 1855

₹496 • ITC

S1	S2	R1	R2	COMMENT
492	487	502	507	Wait for dips. Go long at 493. Keep the stop-loss at 490

₹333 • ONGC

S1	S2	R1	R2	COMMENT
329	326	337	340	Range bound and unclear. Avoid trading this stock now

₹3041 • Reliance Ind.

S1	S2	R1	R2	COMMENT
3030	3015	3055	3075	Go long only above 3055. Stop-loss can be kept at 3045

₹872 • SBI

S1	S2	R1	R2	COMMENT
868	864	876	880	Go short only below 868. Stop-loss can be placed at 870

₹4380 • TCS

S1	S2	R1	R2	COMMENT
4360	4340	4430	4465	Wait for dips. Go long at 4365. Stop-loss can be placed at 4345

24924 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
24830	24740	24960	25100	Go long only above 24960. Stop-loss can be kept at 24920

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

Published on July 30, 2024 00:50