Day trading guide for May 12, 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.

₹1654 • HDFC Bank

S1	S2	R1	R2	COMMENT
1640	1620	1665	1680	Go long above 1665. Stop-loss can be kept at 1660

₹1256 • Infosys

S1	S2	R1	R2	COMMENT
1250	1235	1275	1290	Range bound and unclear. Avoid trading this stock.

₹420 • ITC

S1	S2	R1	R2	COMMENT
419	416	424	427	Go long now and at 420. Keep the stop-loss at 418

₹167 • ONGC

S1	S2	R1	R2	COMMENT
166	165	168	170	Go long only above 168 with a stop-loss at 167

₹2478 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2460	2440	2490	2515	Take fresh shorts now. Keep the stop-loss at 2495

₹573 • SBI

S1	S2	R1	R2	COMMENT
572	568	578	580	Initiate fresh longs now. Stop-loss can be kept at 571

₹3281 • TCS

S1	S2	R1	R2	COMMENT
3260	3230	3300	3310	Initiate shorts now and at 3290 with a stop-loss at 3305

18359 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
18310	18250	18400	18500	Wait for dips and go long at 18330. Keep the stop-loss at 18290

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

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Day Trading Guide for May 12, 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 12, 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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