Day trading guide
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.
₹1385 • HDFC Bank
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
1378 |
1350 |
1400 |
1425 |
Initiate fresh short positions if the stock breaks below 1378. Stop-loss can be kept at 1390 |
₹1508 • Infosys
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
1485 |
1440 |
1515 |
1530 |
Resistance can cap the upside. Initiate fresh short positions now with a stop-loss at 1525 |
₹273 • ITC
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
271 |
268 |
275 |
280 |
Resistance ahead. Go long only if the stock breaks above 275. Keep the stop-loss at 273 |
₹153 • ONGC
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
150 |
148 |
156 |
160 |
Near-term outlook is positive. Initiate fresh long positions now with a stop-loss at 149 |
₹2725 • Reliance Ind.
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
2700 |
2655 |
2780 |
2810 |
Outlook is bullish. Go long now and accumulate at 2705. Stop-loss can be placed at 2685 |
₹470 • SBI
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
465 |
462 |
473 |
477 |
Can go either way from here. Avoid trading this stock until the trend becomes clear |
₹3423 • TCS
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
3400 |
3350 |
3450 |
3490 |
Near-term view is bullish. Initiate fresh long positions now. Kee the stop-loss at 3390 |
16630 • Nifty 50 Futures
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
16570 |
16400 |
16700 |
16800 |
Range bound. Go long with a stop-loss at 16660 only if the contract breaks above 16700. |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.
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