Day Trading Guide for July 15, 2022

BL Research Bureau Updated - July 15, 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.

₹1351 • HDFC Bank

S1	S2	R1	R2	COMMENT
1335	1320	1360	1380	Short-term outlook is bearish. Initiate fresh short positions with a stop-loss at 1375

₹1429 • Infosys

S1	S2	R1	R2	COMMENT
1415	1385	1440	1460	Resistance ahead. Go short now and accumulate at 1438. Stop-loss can be placed at 1455

₹291 • ITC

S1	S2	R1	R2	COMMENT
289	285	293	297	Just above a support. Go short if the stock bounces from 289. Keep the stop-loss at 287

₹127 • ONGC

S1	S2	R1	R2	COMMENT
124	122	129	133	Immediate outlook is unclear. Avoid trading this stock until a clear trade signal emerges

₹2397 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2360	2300	2440	2480	Range bound. Go short only if the stock breaks below 2360. Keep the stop-loss at 2375

₹479 • SBI

S1	S2	R1	R2	COMMENT
477	470	483	486	Resistance ahead. Go short with a stop-loss at 485 if the stock reverses lower from 483.

₹2999 • TCS

S1	S2	R1	R2	COMMENT
2970	2930	3040	3100	Trend is down. Wait for a rise and go short at 3030. Stop-loss can be placed at 3055

15941 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
15860	15780	16000	16080	Wait for a rise and go short with a stop-loss at 16,060 if the contract turns down from 16000.

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

Published on July 15, 2022 00:33