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 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.
₹1377 • HDFC Bank
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
1365 |
1360 |
1385 |
1400 |
Just below a resistance. Go long with a stop-loss at 1370 only if the stock breaks above 1385 |
₹1515 • Infosys
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
1485 |
1440 |
1540 |
1570 |
Near-term outlook is positive. Go long now and also on dips at 1495 with a stop-loss at 1470 |
₹271 • ITC
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
265 |
260 |
274 |
278 |
Wait for a rise and go short if the stock reveres down from 274. Keep the stop-loss at 276 |
₹166 • ONGC
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
163 |
160 |
168 |
173 |
Short-term uptrend is intact and strong. Go long now and at 163. Stop-loss can be placed at 161. |
₹2799 • Reliance Ind.
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
2720 |
2600 |
2870 |
2940 |
Upmove gains momentum. Go long now and accumulate on dips at 2740 with a stop-loss at 2690 |
₹467 • SBI
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
462 |
452 |
477 |
490 |
Near-term view is positive. Initiate fresh long positions now and at 463. Keep the stop-loss at 459. |
₹3426 • TCS
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
3400 |
3350 |
3476 |
3500 |
Has room to rise further. Initiate fresh long positions now and at 3415 with a stop-loss at 3380. |
16485 • Nifty 50 Futures
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
16330 |
16280 |
16500 |
16570 |
Initiate fresh long positions with a stop-loss at 16470 only if the contract breaks above 16500. |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.
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