Day Trading Guide for July 26, 2022

BL Research Bureau Updated - July 26, 2022 at 06:04 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. 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.

₹1396 • HDFC Bank

S1	S2	R1	R2	COMMENT
1380	1355	1410	1420	Struggling to breach 1400 decisively. Go short now and at 1405. Stop-loss can be kept at 1417

₹1503 • Infosys

S1	S2	R1	R2	COMMENT
1480	1455	1520	1540	Near-term view is negative. Go short now and accumulate at 1515 with a stop-loss at 1530

₹301 • ITC

S1	S2	R1	R2	COMMENT
300	297	303	305	Uptrend is intact. Initiate fresh long positions now and at 300 with a stop-loss at 298

₹130 • ONGC

S1	S2	R1	R2	COMMENT
128	124	132	136	Has room to fall further from here. Go short with a stop-loss at 132 on a break below 128

₹2420 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2400	2375	2440	2470	Bias is negative to see a fresh fall. Go short now and at 2435. Keep the stop-loss at 2455

₹518 • SBI

S1	S2	R1	R2	COMMENT
510	507	520	528	Initiate fresh long positions only if SBI breaks above 520. Stop-loss can be placed at 518

₹3167 • TCS

S1	S2	R1	R2	COMMENT
3140	3100	3200	3220	Range bound. Go long only if the stock breaks below 3140. Keep the stop-loss at 3155

16620 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
16550	16490	16685	16780	Can run into a fresh sell-off. Go short now and at 16660. Stop-loss can be placed at 16720

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

Published on July 26, 2022 00:34