Day trading guide for September 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.

₹1632 • HDFC Bank

S1	S2	R1	R2	COMMENT
1620	1590	1655	1670	Go long now and at 1625. Keep the stop-loss at 1615

₹1476 • Infosys

S1	S2	R1	R2	COMMENT
1460	1440	1485	1505	Go long only above 1485. Keep the stop-loss at 1475

₹447 • ITC

S1	S2	R1	R2	COMMENT
445	442	450	453	Go long only above 450. Stop-loss can be kept at 448

₹183 • ONGC

S1	S2	R1	R2	COMMENT
182	180	186	188	Range bound. Outlook is unclear. Avoid trading the stock.

₹2474 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2455	2440	2500	2540	Go long now and at 2460. Keep the stop-loss at 2445

₹592 • SBI

S1	S2	R1	R2	COMMENT
587	582	594	596	Go long now and at 589. Stop-loss can be kept at 586

₹3479 • TCS

S1	S2	R1	R2	COMMENT
3460	3430	3500	3525	Wait for dips. Go long at 3465. Keep the stop-loss at 3455

20046 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
19985	19900	20150	20200	Go long now and at 20010. Keep the stop-loss at 19970

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

COMMENT NOW

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.

Day trading guide for September 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

You might also like

You might also like

Comments

Day trading guide for September 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

Related Topics

You might also like

You might also like

Comments