Day Trading Guide for June 28, 2022

BL Research Bureau Updated - June 28, 2022 at 06:01 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.

₹1356 • HDFC Bank

S1	S2	R1	R2	COMMENT
1340	1320	1380	1400	Initiate fresh long positions with a stop-loss at 1355 if the stock bounces from the support at 1340.

₹1475 • Infosys

S1	S2	R1	R2	COMMENT
1465	1440	1485	1510	Hovers above a support. Go short if the stock breaks below 1465. Stop-loss can be kept at 1480

₹270 • ITC

S1	S2	R1	R2	COMMENT
267	264	272	275	Short-term bias is positive. Go long now and accumulate on dips at 268. Keep the stop-loss at 265

₹141 • ONGC

S1	S2	R1	R2	COMMENT
139	136	146	154	Can rise further before a reversal happens. Go short now and at 140 with a stop-loss at 137.

₹2492 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2440	2400	2510	2560	Fresh fall is looking likely. Initiate fresh short positions now and at 2505. Keep the stop-loss at 2525

₹461 • SBI

S1	S2	R1	R2	COMMENT
459	452	472	478	Outlook is bullish. Go long now and accumulate on dips at 460. Stop-loss can be placed at 457

₹3313 • TCS

S1	S2	R1	R2	COMMENT
3300	3280	3360	3400	Can go either way from here. Avoid trading this stock until a clear trade signal emerges

15838 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
15770	15680	15940	16120	Outlook is unclear. Go long with a stop-loss at 15880 only if the contract breaks above 15940.

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

Published on June 28, 2022 00:31