Day Trading Guide for June 30, 2022

BL Research Bureau Updated - June 30, 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.

₹1344 • HDFC Bank

S1	S2	R1	R2	COMMENT
1330	1320	1350	1380	Bias is turning negative. High risk appetite traders can go short now with a tight stop-loss at 1355

₹1464 • Infosys

S1	S2	R1	R2	COMMENT
1450	1420	1475	1500	Upmove seems to lose momentum. Go short if the stock breaks below 1450 with a stop-loss at 1465

₹274 • ITC

S1	S2	R1	R2	COMMENT
272	269	276	280	Uptrend intact but resistance ahead. Go long with a stop-loss at 274 only if ITC breaks above 276

₹154 • ONGC

S1	S2	R1	R2	COMMENT
152	148	158	162	Upmove is strong and intact. Go long now and accumulate at 152. Keep the stop-loss at 149

₹2579 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2545	2520	2605	2650	Near-term correction is possible. Wait for dips and go long at 2550. Stop-loss can be placed at 2530

₹459 • SBI

S1	S2	R1	R2	COMMENT
458	453	463	467	Poised just above a support. Go short on a break below 458. Keep the stop-loss at 461

₹3291 • TCS

S1	S2	R1	R2	COMMENT
3270	3200	3330	3350	Range bound. Initiate fresh short positions with a stop-loss at 3285 on a break below 3270

15765 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
15680	15630	15840	15950	Bias is negative. Go short now and accumulate at 15830 with a stop-loss at 15880

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

Published on June 30, 2022 00:31