spot_img
Saturday, June 25, 2022
No menu items!
More
    spot_img
    HomeBusinessDay trading guide for June 10: Intraday supports, resistances for Nifty50 stocks

    Day trading guide for June 10: Intraday supports, resistances for Nifty50 stocks

    -

    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.

    Published on June 10, 2022

    You May Also Like

    Recommended for you

    Related articles

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Stay Connected

    0FansLike
    0FollowersFollow
    3,361FollowersFollow
    0SubscribersSubscribe
    spot_img

    Latest posts