Day Trading Guide for July 14, 2022

BL Research Bureau Updated - July 14, 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.

₹1359 • HDFC Bank

S1	S2	R1	R2	COMMENT
1335	1300	1380	1410	Outlook turns bearish. Go short now and on a rise at 1375. Keep the stop-loss at 1390

₹1445 • Infosys

S1	S2	R1	R2	COMMENT
1435	1400	1460	1475	Wait for a rise and go short if the stock turns down from 1460 with a stop-loss at 1480

₹294 • ITC

S1	S2	R1	R2	COMMENT
290	287	295	298	Initiate fresh long positions with a stop-loss at 293 only if the stock breaks above 295.

₹124 • ONGC

S1	S2	R1	R2	COMMENT
122	119	127	130	Bias is negative. Go short now and on a rise at 126. Stop-loss can be kept at 129

₹2377 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2365	2300	2430	2470	Range bound. Go short only if RIL breaks below 2365. Keep the stop-loss at 2380

₹487 • SBI

S1	S2	R1	R2	COMMENT
483	477	491	500	Just above a support. Go long with a stop-loss at 481 if the stock bounces from 483.

₹3038 • TCS

S1	S2	R1	R2	COMMENT
3020	3000	3080	3110	Downtrend is strong and intact. Go short now and at 3070. Keep the stop-loss at 3095

15991 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
15920	15860	16070	16140	Near-term view has turned negative. Go short now and at 16040 with a stop-loss at 16110

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

Published on July 14, 2022 00:33