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Day Trading Guide for February 23, 2023

February 23, 2023 - Updated 06:03 am IST

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.

By BL Research Bureau

₹1614 • HDFC Bank

S1	S2	R1	R2	COMMENT
1600	1580	1625	1640	Go short now and at 1620. Keep the stop-loss at 1630

₹1563 • INFOSYS

S1	S2	R1	R2	COMMENT
1555	1545	1575	1590	Take fresh shorts at 1570. Stop-loss can be kept at 1585

₹384 • ITC

S1	S2	R1	R2	COMMENT
382	380	386	388	Stuck in a narrow range. Avoid trading this stock now

₹153 • ONGC

S1	S2	R1	R2	COMMENT
152	150	155	157	Go long only above 155. Keep the stop-loss at 154

₹2379 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2365	2310	2410	2430	Go long on dips at 2370. Stop-loss can be placed at 2345

₹516 • SBI

S1	S2	R1	R2	COMMENT
513	510	519	522	Initiate fresh shorts at 518. Keep the stop-loss at 520

₹3400 • TCS

S1	S2	R1	R2	COMMENT
3390	3360	3415	3435	Go short on a rise at 3410 with a tight stop-loss at 3425

17570 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
17530	17470	17630	17700	Go short on a break below 17530 with a stop-loss at 17550

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

COMMENT NOW

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