Day Trading Guide gives you 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.
₹1305 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
1290 | 1280 | 1320 | 1345 | Initiate fresh long positions with a stop-loss at 1305 only if the stock breaks above 1320. |
₹1489 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
1475 | 1450 | 1510 | 1530 | Wait for a rise. Go short if the stock reverses lower from 1510. Keep the stop-loss at 1520 |
₹254 • ITC
S1 | S2 | R1 | R2 | COMMENT |
252 | 249 | 256 | 259 | Near-term outlook is bearish. Go short now and at 255. Stop-loss can be kept at 257 |
₹154 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
152 | 150 | 156 | 161 | Immediate outlook is unclear. Avoid trading this stock until a clear trend emerges |
₹2427 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
2415 | 2370 | 2480 | 2500 | Poised above a support. Go short only on a break below 2415. Keep the stop-loss at 2430. |
₹455 • SBI
S1 | S2 | R1 | R2 | COMMENT |
454 | 450 | 460 | 470 | Initiate fresh short positions only if the stock breaks below 454. Keep the stop-loss at 457 |
₹3377 • TCS
S1 | S2 | R1 | R2 | COMMENT |
3350 | 3300 | 3400 | 3450 | Range-bound between 3350 and 3450. Wait for the range breakout and trade accordingly. |
15865 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
15730 | 15600 | 15930 | 16000 | Bias is negative. Go short now and on a rise at 15920. Keep the stop-loss at 15980 |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.
Published on
May 17, 2022
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