Day trading guide for April 23, 2024: Intraday supports, resistances for Nifty50 stocks bl-premium-article-image

BL Research Bureau Updated - April 23, 2024 at 10:24 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, 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.

₹1512 • HDFC Bank

S1

S2

R1

R2

COMMENT

1480

1465

1555

1600

Can go either way. Avoid trading this stock for now

₹1433 • Infosys

S1

S2

R1

R2

COMMENT

1420

1380

1460

1500

Wait for a rise. Go short at 1455. Keep the stop-loss at 1470

₹425 • ITC

S1

S2

R1

R2

COMMENT

423

419

429

432

Go long now and at 424. Stop-loss can be placed at 422

₹277 • ONGC

S1

S2

R1

R2

COMMENT

273

269

280

283

Go long only above 280. Stop-loss can be kept at 279

₹2961 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2950

2920

2975

3000

Go long only above 2975. Keep the stop-loss at 2965

₹766 • SBI

S1

S2

R1

R2

COMMENT

763

760

773

777

Go long now and at 764. Stop-loss can be kept at 762

₹3865 • TCS

S1

S2

R1

R2

COMMENT

3845

3800

3920

3945

Go long now. Accumulate at 3855 with a stop-loss at 3830

22393 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

22330

22250

22430

22540

Go long only on a break above 22430 with a stop-loss at 22390

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

Published on April 23, 2024 01:00

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