Day trading guide for April 26, 2024: Intraday supports, resistances for Nifty50 stocks bl-premium-article-image

BL Research Bureau Updated - April 26, 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 only below 1500. Keep the stop-loss at 1505

₹1438 • Infosys

S1

S2

R1

R2

COMMENT

1420

1400

1450

1480

Go long only above 1450. Keep the stop-loss at 1440

₹438 • ITC

S1

S2

R1

R2

COMMENT

435

432

440

443

Go long only above 440. Stop-loss can be kept at 439

₹282 • ONGC

S1

S2

R1

R2

COMMENT

280

277

285

288

Go long now and at 281. Stop-loss can be placed at 279.

₹2918 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2900

2875

2960

2990

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

₹813 • SBI

S1

S2

R1

R2

COMMENT

801

790

823

830

Go long on dips at 803. Stop-loss can be placed at 798

₹3852 • TCS

S1

S2

R1

R2

COMMENT

3800

2775

3900

3935

Can go either way from here. Avoid trading this sock for now

22645 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

22520

22450

22710

22850

Go long on a break above 22710. Keep the stop-loss at 22680

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

Published on April 26, 2024 01:00

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