Day trading guide for April 30, 2024: Intraday supports, resistances for Nifty50 stocks bl-premium-article-image

BL Research Bureau Updated - April 30, 2024 at 08:19 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 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.

₹1528 • HDFC Bank

S1

S2

R1

R2

COMMENT

1500

1485

1530

1550

Buy if the stock goes above 1530; stop-loss at 1510.

₹1435 • Infosys

S1

S2

R1

R2

COMMENT

1415

1385

1445

1480

Short-term trend is uncertain; do not trade.

₹438 • ITC

S1

S2

R1

R2

COMMENT

435

428

442

450

Initiate fresh longs in the stock; stop-loss at 428.

₹283 • ONGC

S1

S2

R1

R2

COMMENT

280

275

285

300

Go long if the stock breaks out of 285; stop-loss at 275.

₹2930 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2890

2830

2975

3000

The stock is charting a sideways trend; stay out.

₹826 • SBI

S1

S2

R1

R2

COMMENT

800

780

835

850

Buy now and on a dip to 800; place stop-loss at 775.

₹3870 • TCS

S1

S2

R1

R2

COMMENT

3810

3750

3900

4000

Consider fresh longs above 3900; stop-loss at 3860.

22745 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

22625

22500

22750

22950

Go long on the breakout of 22750; stop-loss at 22680.

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

Published on April 30, 2024 02:49

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