Day Trading Guide for January 06, 2023

Here are the intraday supports and resistances for widely traded stocks, such as Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, TCS and SBI

The 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.

₹1600 • HDFC Bank

S1	S2	R1	R2	COMMENT
1590	1550	1625	1640	Buy with a stop-loss at 1585.

₹1475 • Infosys

S1	S2	R1	R2	COMMENT
1450	1415	1485	1500	Sell now and on a rise to 1485; stop-loss at 1510.

₹333 • ITC

S1	S2	R1	R2	COMMENT
330	326	335	340	Go long above 335; stop-loss at 332.

₹147 • ONGC

S1	S2	R1	R2	COMMENT
143	140	148	154	Go short with stop-loss at 148.

₹2514 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2500	2440	2550	2600	Short at 2530; stop-loss at 2560.

₹605 • SBI

S1	S2	R1	R2	COMMENT
600	590	610	618	Short with stop-loss at 610.

₹3310 • TCS

S1	S2	R1	R2	COMMENT
3285	3230	3370	3425	Initiate sell below 3285; stop-loss at 3320.

18070 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
18000	17900	18100	18200	Buy above 18100 and keep stop-loss at 18000.

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

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Day Trading Guide for January 06, 2023

Here are the intraday supports and resistances for widely traded stocks, such as Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, TCS and SBI

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Day Trading Guide for January 06, 2023

Here are the intraday supports and resistances for widely traded stocks, such as Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, TCS and SBI

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