Day Trading Guide for May 5, 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.

₹1727 • HDFC Bank

S1	S2	R1	R2	COMMENT
1710	1690	1780	1800	Go long now and at 1720. Keep the stop-loss at 1705

₹1273 • Infosys

S1	S2	R1	R2	COMMENT
1260	1250	1280	1310	Stuck inside a range. Avoid trading this stock for now

₹424 • ITC

S1	S2	R1	R2	COMMENT
422	420	426	429	Go short now and at 425. Keep the stop-loss at 427

₹161 • ONGC

S1	S2	R1	R2	COMMENT
159	156	162	165	Initiate fresh short positions with a stop-loss at 163

₹2448 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2425	2400	2460	2485	Wait for dips. Go long at 2430 with a stop-loss at 2415

₹580 • SBI

S1	S2	R1	R2	COMMENT
576	571	581	585	Go long above 581. Stop-loss can be placed at 579

₹3220 • TCS

S1	S2	R1	R2	COMMENT
3200	3170	3235	3270	Go long on a break above 3235. Keep the stop-loss at 3220

18284 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
18240	18180	18300	18420	Go long on a break above 12300 with a stop-loss at 12280

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

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Day Trading Guide for May 5, 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 5, 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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