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    HomeBusinessDay Trading Guide for June 15, 2022

    Day Trading Guide for June 15, 2022

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    Day trading guide

    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, 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.

    ₹1311 • HDFC Bank

    S1

    S2

    R1

    R2

    COMMENT

    1305

    1290

    1325

    1350

    Consolidating within the downtrend. Go short on a break below 1305. Stop-loss can be kept at 1315

    ₹1440 • Infosys

    S1

    S2

    R1

    R2

    COMMENT

    1435

    1400

    1450

    1475

    Looks vulnerable for a fresh fall. Initiate fresh short positions now and at 1448 with a stop-loss at 1460

    ₹265 • ITC

    S1

    S2

    R1

    R2

    COMMENT

    263

    260

    269

    272

    Wait for an intermediate bounce and initiate fresh short positions at 268. Keep the stop-loss at 271

    ₹156 • ONGC

    S1

    S2

    R1

    R2

    COMMENT

    152

    148

    158

    161

    Near-term downtrend is intact. Initiate fresh short positions now and at 158 with a stop-loss at 160

    ₹2627 • Reliance Ind.

    S1

    S2

    R1

    R2

    COMMENT

    2614

    2550

    2650

    2680

    Holding above a support but can break it. Go short on a break below 2614. Stop-loss can be kept at 2630

    ₹448 • SBI

    S1

    S2

    R1

    R2

    COMMENT

    444

    440

    451

    455

    Resistance can cap the upside. A fresh fall is possible. Go short now and at 450 with a stop-loss at 453

    ₹3211 • TCS

    S1

    S2

    R1

    R2

    COMMENT

    3180

    3150

    3245

    3300

    Resistance ahead. Go short only if the stock reverses lower from 3245. Keep the stop-loss at 3265

    15742 • Nifty 50 Futures

    S1

    S2

    R1

    R2

    COMMENT

    15660

    15500

    15820

    15880

    Initiate fresh short positions with a stop-loss at 15720 only if the contract breaks below 15660.

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

    Published on June 15, 2022

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