Day trading guide for April 02, 2024: Intraday supports, resistances for Nifty50 stocks bl-premium-article-image

BL Research Bureau Updated - April 02, 2024 at 06:03 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.

₹1470 • HDFC Bank

S1

S2

R1

R2

COMMENT

1460

1440

1480

1510

Go long only above 1480. Keep the stop-loss at 1470

₹1496 • Infosys

S1

S2

R1

R2

COMMENT

1480

1450

1530

1550

Take fresh shorts below 1480 with a stop-loss at 1490

₹427 • ITC

S1

S2

R1

R2

COMMENT

425

420

430

432

Go short only below 425. Stop-loss can be kept at 426

₹270 • ONGC

S1

S2

R1

R2

COMMENT

268

266

271

275

Go long now and at 269. Stop-loss can be kept at 267

₹2969 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2955

2920

2990

3015

Go short only below 2955. Keep the stop-loss at 2965

₹758 • SBI

S1

S2

R1

R2

COMMENT

752

748

761

766

Go long only above 761. Stop-loss can be placed at 760

₹3915 • TCS

S1

S2

R1

R2

COMMENT

3890

3860

3950

3980

Go long now and also at 3900. Keep the stop-loss at 3880

22612 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

22550

22450

22650

22800

Go long only above 22650. Stop-loss can be kept at 22620

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

Published on April 2, 2024 00:33

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