Day Trading Guide for January 20, 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 provides 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.

₹1644 • HDFC Bank

S1	S2	R1	R2	COMMENT
1630	1620	1650	1670	Go long above 1650. Stop-loss can be kept at 1640

₹1541 • INFOSYS

S1	S2	R1	R2	COMMENT
1525	1500	1550	1575	Go short below 1525. Keep the stop-loss at 1535

₹332 • ITC

S1	S2	R1	R2	COMMENT
330	328	333	336	Take fresh shorts now with a tight stop-loss at 334

₹152 • ONGC

S1	S2	R1	R2	COMMENT
150	148	154	157	Initiate longs now. Stop-loss can be kept at 149

₹2471 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2460	2430	2480	2500	Go short below 2460. Keep the stop-loss at 2470

₹590 • SBI

S1	S2	R1	R2	COMMENT
588	586	592	596	Go long above 592. Stop-loss can be kept at 590

₹3372 • TCS

S1	S2	R1	R2	COMMENT
3360	3350	3390	3410	Immediate outlook is unclear. Avoid trading this stock now

18105 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
18080	18035	18160	18220	Go short on a break below 18080. Keep the stop-loss at 18110

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

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Day Trading Guide for January 20, 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 20, 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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