Day Trading Guide for January 12, 2023

Here are the key intraday supports and resistances to watch out for Nifty Futures, RIL, ONGC, TCS, Infosys, HDFC Bank, SBI, and ITC

Day Trading Guide gives you the key intraday supports and resistances to watch out for on the Nifty Futures and other widely traded stocks. 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.

₹1591 • HDFC Bank

S1	S2	R1	R2	COMMENT
1580	1560	1600	1620	Go long above 1600. Keep the stop-loss at 1590

₹1471 • INFOSYS

S1	S2	R1	R2	COMMENT
1460	1445	1480	1495	Go long on dips at 1465 with a stop-loss at 1455

₹332 • ITC

S1	S2	R1	R2	COMMENT
331	327	337	337	Go short below 331. Stop-loss can be kept at 333

₹147 • ONGC

S1	S2	R1	R2	COMMENT
145	143	148	150	Initiate fresh shorts with a stop-loss at 149

₹2525 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2510	2490	2550	2570	Go long on dips at 2515 with a stop-loss at 2505

₹597 • SBI

S1	S2	R1	R2	COMMENT
595	593	600	605	Go short below 595. Stop-loss can be kept at 596

₹3329 • TCS

S1	S2	R1	R2	COMMENT
3315	3300	3350	3370	Near-term outlook is unclear. Avoid trading this stock.

17960 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
17900	17830	18070	18170	Go long with a stop-loss at 17870 on a bounce from 17900.

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

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Day Trading Guide for January 12, 2023

Here are the key intraday supports and resistances to watch out for Nifty Futures, RIL, ONGC, TCS, Infosys, HDFC Bank, SBI, and ITC

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Day Trading Guide for January 12, 2023

Here are the key intraday supports and resistances to watch out for Nifty Futures, RIL, ONGC, TCS, Infosys, HDFC Bank, SBI, and ITC

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