Day trading guide for April 18, 2024: Intraday supports, resistances for Nifty50 stocks bl-premium-article-image

BL Research Bureau Updated - April 18, 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.

₹1509 • HDFC Bank

S1

S2

R1

R2

COMMENT

1500

1480

1520

1540

Go long only above 1520. Keep the stop-loss at 1515

₹1415 • Infosys

S1

S2

R1

R2

COMMENT

1385

1350

1425

1440

Go short now and at 1420. Keep the stop-loss at 1435

₹426 • ITC

S1

S2

R1

R2

COMMENT

423

419

430

433

Go long now and on dips at 424 with a stop-loss at 421

₹283 • ONGC

S1

S2

R1

R2

COMMENT

279

276

287

291

Wait for dips. Go long at 280. Keep the stop-loss at 278

₹2934 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2890

2830

2960

3000

Go long only above 2960. Stop-loss can be placed at 2945

₹752 • SBI

S1

S2

R1

R2

COMMENT

748

743

756

760

Wait for a rise. Go short at 755. Keep the stop-loss at 758

₹3872 • TCS

S1

S2

R1

R2

COMMENT

3840

3780

3900

3950

Go short on a break below 3840. Keep the stop-loss at 3855

22211 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

22100

21800

22250

22400

Take fresh shorts only below 22100 with a stop-loss at 22140

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

Published on April 18, 2024 00:33

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