Day trading guide for April 25, 2024: Intraday supports, resistances for Nifty50 stocks bl-premium-article-image

BL Research Bureau Updated - April 25, 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.

₹1511 • HDFC Bank

S1

S2

R1

R2

COMMENT

1500

1480

1520

1545

Go short on a rise at 1518. Keep the stop-loss at 1530

₹1432 • Infosys

S1

S2

R1

R2

COMMENT

1425

1400

1445

1460

Go short only below 1425. Keep the stop-loss at 1435

₹429 • ITC

S1

S2

R1

R2

COMMENT

427

424

431

435

Go long only above 431. Stop-loss can be kept at 430

₹278 • ONGC

S1

S2

R1

R2

COMMENT

276

274

281

285

Go long only above 281. Stop-loss can be placed at 279

₹2901 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2880

2830

2960

2990

Go long if a bounce happens from here with a stop-loss at 2885

₹773 • SBI

S1

S2

R1

R2

COMMENT

770

766

776

781

Go short on a break below 770. Keep the stop-loss at 771

₹3831 • TCS

S1

S2

R1

R2

COMMENT

3800

3780

3850

3900

Go short now and also at 3845. Stop-loss can be kept at 3860

22420 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

22340

22270

22500

22600

Go long only on break above 22500 with a stop-loss at 22480

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

Published on April 25, 2024 01:00

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