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-452.44
-120.75
-20.00
+ 580.00
+ 233.00
-452.44
-120.75
-120.75
-20.00
-20.00
+ 580.00
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.
₹1517 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
1500 | 1485 | 1530 | 1550 | Buy if the stock breaks out of 1530; stop-loss at 1510. |
₹1421 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
1415 | 1385 | 1445 | 1480 | Short this scrip if it slips below 1415; stop-loss at 1445. |
₹435 • ITC
S1 | S2 | R1 | R2 | COMMENT |
435 | 428 | 442 | 450 | Stock is at a support; go long with stop-loss at 428. |
₹282 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
280 | 275 | 285 | 300 | Go long if the stock breaks out of 285; stop-loss at 275. |
₹2931 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
2890 | 2830 | 2975 | 3000 | The stock is moving across a sideways trend; stay out. |
₹825 • SBI
S1 | S2 | R1 | R2 | COMMENT |
800 | 780 | 835 | 850 | Buy when the stock dips to 800; place stop-loss at 775. |
₹3822 • TCS
S1 | S2 | R1 | R2 | COMMENT |
3800 | 3750 | 3900 | 4000 | Consider fresh longs above 3900; stop-loss at 3860. |
22708 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
22600 | 22500 | 22750 | 22950 | Buy now and on a dip to 22600; stop-loss at 22500. |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.
Published on May 2, 2024
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