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-138.64
-41.35
+ 20.00
-5.00
-405.00
-138.64
-41.35
-41.35
+ 20.00
+ 20.00
-5.00
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, and 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.
₹1535 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
1525 | 1500 | 1550 | 1580 | Buy when the price dips to 1525; place stop-loss at 1500. |
₹1506 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
1490 | 1470 | 1510 | 1530 | Go long if it breaks out of 1510; place stop-loss at 1490. |
₹436 • ITC
S1 | S2 | R1 | R2 | COMMENT |
430 | 420 | 445 | 450 | Buy now and on a dip to 425; keep a stop-loss at 418. |
₹271 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
270 | 266 | 275 | 280 | Stock in a sideways crawl; refrain from fresh trades. |
₹2958 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
2950 | 2900 | 2980 | 3000 | Trend unclear. Stay away from initiating new positions. |
₹779 • SBI
S1 | S2 | R1 | R2 | COMMENT |
775 | 765 | 790 | 800 | Appears positive. Buy the stock with a stop-loss at 770. |
₹3982 • TCS
S1 | S2 | R1 | R2 | COMMENT |
3925 | 3900 | 4030 | 4100 | Initiate longs on a breakout of 4030; stop-loss at 3970. |
22812 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
22750 | 22650 | 22900 | 23000 | Buy if it breaks out of 22850; place stop-loss at 22780. |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.
Published on April 12, 2024
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