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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, 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.
₹1457 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
1450 | 1425 | 1470 | 1500 | Go short only below 1450. Keep the stop-loss at 1455 |
₹1434 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
1430 | 1415 | 1445 | 1460 | Go short below 1430. Stop-loss can be placed at 1435 |
₹435 • ITC
S1 | S2 | R1 | R2 | COMMENT |
433 | 431 | 437 | 440 | Go long only above 437. Stop-loss can be kept at 436 |
₹280 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
278 | 276 | 282 | 284 | Can go either way from here. Avoid trading this stock now |
₹2871 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
2850 | 2835 | 2880 | 2905 | Go long only above 2880. Stop-loss can be kept at 2870 |
₹831 • SBI
S1 | S2 | R1 | R2 | COMMENT |
826 | 820 | 836 | 840 | Go short only below 826. Stop-loss can be placed at 827 |
₹3822 • TCS
S1 | S2 | R1 | R2 | COMMENT |
3805 | 3785 | 3845 | 3870 | Go short on a break below 3805. Keep the stop-loss at 3815 |
22590 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
22550 | 22470 | 22700 | 22830 | Wait for dips. Go long at 22560 with a stop-loss at 22510 |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.
Published on May 22, 2024
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