Day Trading Guide for July 1, 2022

BL Research Bureau Updated - July 01, 2022 at 06:03 AM.

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, 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.

₹1347 • HDFC Bank

S1	S2	R1	R2	COMMENT
1330	1310	1355	1380	Immediate outlook is unclear. Avoid trading this stock until a clear trade signal emerges.

₹1461 • Infosys

S1	S2	R1	R2	COMMENT
1450	1430	1470	1490	Bias is negative. Can see a fresh fall. Go short now and at 1465. Keep the stop-loss at 1480

₹273 • ITC

S1	S2	R1	R2	COMMENT
270	268	275	278	Upmove is not gaining strength. Go long with a stop-loss at 273 only on a break above 275

₹151 • ONGC

S1	S2	R1	R2	COMMENT
147	144	153	156	Near-term corrective fall looks likely. Go short now and at 152 with a stop-loss at 155

₹2588 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2565	2530	2610	2640	Can dip before rising back again. Go long only on a break above 2610 with a stop-loss at 2590

₹465 • SBI

S1	S2	R1	R2	COMMENT
463	460	469	472	Can go either way from here. Avoid trading this stock until a clear direction is visible.

₹3264 • TCS

S1	S2	R1	R2	COMMENT
3240	3200	3315	3350	Upmove has lost momentum. Go short with a stop-loss at 3255 if TCS breaks below 3240.

15718 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
15700	15650	15850	15940	Ranged with a bearish bias. Go short on a break below 15700 with a stop-loss at 15760

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

Published on July 1, 2022 00:33