Day Trading Guide for May 2, 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.

₹1688 • HDFC Bank

S1	S2	R1	R2	COMMENT
1678	1665	1690	1705	Go long above 1690. Stop-loss can be kept at 1685

₹1253 • Infosys

S1	S2	R1	R2	COMMENT
1250	1235	1260	1275	Go long only above 1260. Keep the stop-loss at 1255

₹425 • ITC

S1	S2	R1	R2	COMMENT
424	421	428	432	Initiate fresh longs now. Keep the stop-loss at 423

₹159 • ONGC

S1	S2	R1	R2	COMMENT
157	155	160	162	Take fresh shorts positions with a stop-loss at 161

₹2420 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2410	2390	2450	2465	Go long now and at 2415. Keep the stop-loss at 2405

₹578 • SBI

S1	S2	R1	R2	COMMENT
572	567	580	586	Go long now and at 574. Keep the stop-loss at 571

₹3216 • TCS

S1	S2	R1	R2	COMMENT
3210	3190	3225	3265	Go long on a break above 3225. Keep the stop-loss at 3215

18112 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
18050	17980	18160	18235	Wait for dips. Go long at 18080. Keep the stop-loss at 18030

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

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Day Trading Guide for May 2, 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 May 2, 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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