Day trading guide for May 10, 2024: Intraday supports, resistances for Nifty50 stocks bl-premium-article-image

BL Research Bureau Updated - May 10, 2024 at 06:25 AM.

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.

₹1448 • HDFC Bank

S1

S2

R1

R2

COMMENT

1420

1385

1480

1510

Go short on a rise at 1460 and 1475 with a stop-loss at 1490

₹1435 • Infosys

S1

S2

R1

R2

COMMENT

1415

1380

1460

1500

Go long only above 1460. Stop-loss can be kept at 1445

₹425 • ITC

S1

S2

R1

R2

COMMENT

420

417

429

432

Go short now and at 428. Stop-loss can be placed at 430

₹266 • ONGC

S1

S2

R1

R2

COMMENT

263

260

268

272

Take fresh shorts now and at 267. Keep the stop-loss at 269

₹2787 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2770

2700

2800

2840

Go short only below 2770. Stop-loss can be kept at 2785

₹821 • SBI

S1

S2

R1

R2

COMMENT

814

806

826

831

Go go eitherway from here. Avoid trading this stock now

₹3954 • TCS

S1

S2

R1

R2

COMMENT

3940

3910

3970

3990

Go short on a break below 3940. Stop-loss can be kept at 3955

22073 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

22000

21800

22150

22230

Go short only below 22000. Stop-loss can be placed at 22060

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

Published on May 10, 2024 00:55

This is a Premium article available exclusively to our subscribers.

Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

You have reached your free article limit.

Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

You have reached your free article limit.
Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

TheHindu Businessline operates by its editorial values to provide you quality journalism.

This is your last free article.