Day Trading Guide for July 12, 2023

BL Research Bureau Updated - July 12, 2023 at 06:10 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.

₹1649 • HDFC Bank

S1	S2	R1	R2	COMMENT
1645	1625	1660	1680	Go short below 1645. Stop-loss can be kept at 1655

₹1349 • Infosys

S1	S2	R1	R2	COMMENT
1335	1320	1355	1380	Initiate fresh shorts now. Keep the stop-loss at 1360

₹473 • ITC

S1	S2	R1	R2	COMMENT
471	468	474	477	Go long on a break above 474. Keep the stop-loss at 472

₹164 • ONGC

S1	S2	R1	R2	COMMENT
163	162	166	169	Take fresh longs now. Stop-loss can be kept at 162

₹2764 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2730	2680	2780	2830	Go long only above 2780. Keep the stop-loss at 2765

₹588 • SBI

S1	S2	R1	R2	COMMENT
587	585	593	596	Take fresh longs now. Stop-loss can be kept at 586

₹3272 • TCS

S1	S2	R1	R2	COMMENT
3260	3230	3300	3330	Go short on a break below 3260 with a stop-loss at 3275

19517 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
19480	19380	19570	19650	Go long on a break above 19570 with a stop-loss at 18520

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

Published on July 12, 2023 00:40