Day Trading Guide for July 28, 2022

BL Research Bureau Updated - July 28, 2022 at 06:05 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.

₹1404 • HDFC Bank

S1	S2	R1	R2	COMMENT
1380	1355	1410	1435	Initiate fresh long positions only if the stock breaks above 1410. Keep the stop-loss at 1395

₹1471 • Infosys

S1	S2	R1	R2	COMMENT
1440	1400	1485	1520	Wait for a rise and go short if the stock turns down from 1485. Stop-loss can be kept at 1505

₹304 • ITC

S1	S2	R1	R2	COMMENT
303	301	307	310	Uptrend is intact. Initiate fresh longs now and accumulate at 302 with a stop-loss at 299.

₹129 • ONGC

S1	S2	R1	R2	COMMENT
127	124	132	136	Can see a fresh fall from current levels. Go short now and at 131. Keep the stop-loss at 134

₹2419 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2400	2370	2445	2470	Bouncing from a support. Go short with a stop-loss at 2415 only if RIL breaks below 2400

₹528 • SBI

S1	S2	R1	R2	COMMENT
520	514	532	545	Uptrend nears a resistance. Go short with a stop-loss at 535 if SBI reverses lower from 532

₹3188 • TCS

S1	S2	R1	R2	COMMENT
3150	3100	3200	3235	Immediate outlook is not clear. Avoid trading this stock until a clear trade signal emerges

16660 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
16500	16420	16775	16870	Range bound. Go short if the contract reverses down from 16775. Keep the stop-loss at 16820

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

Published on July 28, 2022 00:35