Day trading guide for July 25, 2024: Intraday supports, resistances for Nifty50 stocks

BL Research Bureau Updated - July 25, 2024 at 06:15 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, 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.

₹1605 • HDFC Bank

S1	S2	R1	R2	COMMENT
1595	1585	1620	1650	Wait for a rise. Go short at 1615 with a stop-loss at 1625

₹1830 • Infosys

S1	S2	R1	R2	COMMENT
1820	1780	1845	1900	Go long only above 1845. Keep the stop-loss at 1835

₹494 • ITC

S1	S2	R1	R2	COMMENT
488	480	496	503	Go long only above 496. Stop-loss can be kept at 494

₹320 • ONGC

S1	S2	R1	R2	COMMENT
318	313	324	328	Go short below 318. Stop-loss can be placed at 319

₹2990 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2970	2950	3020	3040	Range bound and unclear. Avoid trading this stock now

₹852 • SBI

S1	S2	R1	R2	COMMENT
848	842	860	868	Go short only below 848. Keep the stop-loss at 849

₹4306 • TCS

S1	S2	R1	R2	COMMENT
4260	4200	4360	4400	Stuck in a range. Wait for the range breakout to take trades

24421 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
24360	24270	24560	25700	Go long only above 24560. Stop-loss can be placed at 24530

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

Published on July 25, 2024 00:45