Day trading guide for April 24, 2024: Intraday supports, resistances for Nifty50 stocks bl-premium-article-image

BL Research Bureau Updated - April 24, 2024 at 06:30 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.

₹1507 • HDFC Bank

S1

S2

R1

R2

COMMENT

1500

1480

1520

1545

Wait for a rise. Go short at 1515. Keep the stop-loss at 1525

₹1442 • Infosys

S1

S2

R1

R2

COMMENT

1410

1380

1455

1470

Go short now and at 1450. Stop-loss can be kept at 1465

₹429 • ITC

S1

S2

R1

R2

COMMENT

427

424

432

436

Go long now and at 428. Stop-loss can be placed at 426

₹277 • ONGC

S1

S2

R1

R2

COMMENT

273

271

279

281

Can go either way from here. Avoid trading this stock

₹2918 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2900

2885

2970

3000

Wait for dips. Go long at 2905. Keep the stop-loss at 2890

₹773 • SBI

S1

S2

R1

R2

COMMENT

771

766

777

781

Go short only below 771. Stop-loss can be kept at 772

₹3874 • TCS

S1

S2

R1

R2

COMMENT

3850

3800

3900

3935

Go long on a break above 3900. Keep the stop-loss at 3885

22355 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

22285

22180

22450

22530

Take fresh longs only above 22450 with a stop-loss at 22420

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

Published on April 24, 2024 01:00

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