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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.
₹1634 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
1620 | 1600 | 1645 | 1665 | Wait for dips. Go long at 1625 with a stop-loss at 1610 |
₹1476 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
1470 | 1460 | 1485 | 1500 | Go long only above 1485. Keep a tight stop-loss at 1480 |
₹453 • ITC
S1 | S2 | R1 | R2 | COMMENT |
452 | 449 | 456 | 460 | Go short only below 452. Stop-loss can be kept at 453 |
₹196 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
194 | 192 | 198 | 201 | Go short only below 194. Stop-loss can be placed at 195 |
₹2424 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
2400 | 2380 | 2440 | 2470 | Wait for a rise. Go short at 2435 with a stop-loss at 2445 |
₹612 • SBI
S1 | S2 | R1 | R2 | COMMENT |
610 | 606 | 616 | 619 | Go short only below 610. Stop-loss can be placed at 612 |
₹3672 • TCS
S1 | S2 | R1 | R2 | COMMENT |
3650 | 3635 | 3700 | 3720 | Wait for dips. Go long at 3655. Stop-loss can be kept at 3640 |
21010 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
20950 | 20880 | 21050 | 21120 | Go long with a stop-loss at 21010 only on a break above 21050 |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.
Published on December 13, 2023
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