Day trading guide
Here are the intraday supports and resistances for widely traded stocks such as Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, TCS and SBI.
Day Trading Guide gives you the key intraday supports and resistances to watch out for 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.
₹1303 • HDFC Bank
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
1285 |
1240 |
1330 |
1350 |
Support ahead. Wait for a dip and go long on a bounce from 1285. Keep the stop-loss at 1270 |
₹1509 • Infosys
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
1495 |
1450 |
1535 |
1565 |
Initiate fresh short positions with a stop-loss at 1510 only if the stock breaks below 1495. |
₹253 • ITC
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
249 |
244 |
257 |
260 |
Resistance ahead. Go short now and on a rise at 256. Stop-loss can be placed at 259 |
₹156 • ONGC
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
153 |
150 |
161 |
167 |
Attempting bounce from support. Go long now and on dips at 155 with a stop-loss at 151 |
₹2401 • Reliance Ind.
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
2370 |
2350 |
2410 |
2435 |
Can see a fresh fall from here. Initiate shorts at current levels. Keep the stop-loss at 2420 |
₹462 • SBI
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
458 |
456 |
465 |
472 |
Corrective rally is possible. Go long with a stop-loss at 463 if the stock breaks above 465. |
₹3411 • TCS
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
3385 |
3350 |
3425 |
3470 |
Can go either way from here. Avoid trading this stock until a clear trend emerges. |
15825 • Nifty 50 Futures
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
15750 |
15680 |
15900 |
16000 |
May get a corrective bounce. So go short with a stop-loss at 15810 only on a break below 15750. |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.
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