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.
₹1322 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
1295 | 1265 | 1345 | 1400 | Bouncing back from a trend support. Initiate fresh long positions with a stop-loss at 1280 |
₹1415 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
1370 | 1325 | 1470 | 1530 | Wait for a rise and go short if the stock reverses lower from 1470. Keep the stop-loss at 1495 |
₹264 • ITC
S1 | S2 | R1 | R2 | COMMENT |
261 | 256 | 266 | 270 | Resistance ahead. Go short if only if the stock breaks below 261. Stop-loss can be kept at 263 |
₹134 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
130 | 126 | 139 | 141 | Limited room on the upside. Go short with a stop-loss at 141 if the stock turns down from 139 |
₹2543 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
2485 | 2450 | 2575 | 2600 | Can fall further before reversing higher. Initiate fresh short positions with a stop-loss at 2590 |
₹434 • SBI
S1 | S2 | R1 | R2 | COMMENT |
428 | 424 | 440 | 447 | Short-term outlook is bearish. Go short now and on a rise at 438. Keep the stop-loss at 442 |
₹3113 • TCS
S1 | S2 | R1 | R2 | COMMENT |
3090 | 3020 | 3180 | 3240 | Resistance can cap the upside. Wait for a rise and go short at 3175 with a stop-loss at 3205 |
15366 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
15200 | 15000 | 15430 | 15650 | Stuck in a narrow range. Wait for the range breakout and take trades accordingly. |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.
Published on
June 21, 2022
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