Day Trading Guide for May 09, 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 such as Reliance Industries, Infosys, HDFC Bank, TCS, 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.

₹1645 • HDFC Bank

S1	S2	R1	R2	COMMENT
1640	1625	1650	1675	Go long only above 1650. Keep the stop-loss at 1645

₹1266 • Infosys

S1	S2	R1	R2	COMMENT
1255	1235	1275	1290	Wait for dips. Go long at 1260 with a stop-loss at 1245

₹431 • ITC

S1	S2	R1	R2	COMMENT
430	426	436	440	Go long now and at 431. Stop-loss can be kept at 429

₹165 • ONGC

S1	S2	R1	R2	COMMENT
163	161	167	168	Go long only above 167. Keep the stop-loss at 165

₹2471 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2460	2445	2495	2520	Wait for dips. Go long at 2465 with a stop-loss at 2455

₹583 • SBI

S1	S2	R1	R2	COMMENT
581	577	588	591	Go long on dips at 582. Stop-loss can be placed at 580

₹3250 • TCS

S1	S2	R1	R2	COMMENT
3235	3220	3275	3290	Wait for dips. Go long at 3240. Keep the stop-loss at 3230

18317 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
18250	18180	18350	18450	Go long only above 2835. Stop-loss can be placed at 18320

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

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Day Trading Guide for May 09, 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 09, 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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