Day trading guide for May 10, 2023: Intraday supports, resistances for Nifty50 stocks

Here are the intraday supports and resistances for widely traded stocks such as Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, TCS and SBI

The 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.

₹1643 • HDFC Bank

S1	S2	R1	R2	COMMENT
1625	1610	1660	1675	Go short now and at 1655. Keep the stop-loss at 1670

₹1271 • Infosys

S1	S2	R1	R2	COMMENT
1260	1250	1280	1290	Go long on dips at 1265. Stop-loss can be kept at 1255

₹424 • ITC

S1	S2	R1	R2	COMMENT
421	419	427	430	Wait for rise and go short at 426 with a stop-loss at 428

₹165 • ONGC

S1	S2	R1	R2	COMMENT
164	163	166	167	Can go either way. Avoid trading this stock for now

₹2479 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2465	2445	2485	2500	Wait for dips. Go long at 2470 with a stop-loss at 2455

₹573 • SBI

S1	S2	R1	R2	COMMENT
571	568	577	580	Initiate fresh longs now. Keep the stop-loss at 570

₹3284 • TCS

S1	S2	R1	R2	COMMENT
3280	3260	3300	3340	Go long on a break above 3300. Keep the stop-loss at 3285

18304 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
18240	18180	18340	18400	Go long only above 18340. Stop-loss can be kept at 18310

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

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Day Trading Guide for May 10, 2023: Intraday supports, resistances for Nifty50 stocks

Here are the intraday supports and resistances for widely traded stocks such as Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, TCS and SBI

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Day Trading Guide for May 10, 2023: Intraday supports, resistances for Nifty50 stocks

Here are the intraday supports and resistances for widely traded stocks such as Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, TCS and SBI

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