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.
₹1311 • HDFC Bank
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
1305 |
1290 |
1325 |
1350 |
Consolidating within the downtrend. Go short on a break below 1305. Stop-loss can be kept at 1315 |
₹1440 • Infosys
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
1435 |
1400 |
1450 |
1475 |
Looks vulnerable for a fresh fall. Initiate fresh short positions now and at 1448 with a stop-loss at 1460 |
₹265 • ITC
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
263 |
260 |
269 |
272 |
Wait for an intermediate bounce and initiate fresh short positions at 268. Keep the stop-loss at 271 |
₹156 • ONGC
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
152 |
148 |
158 |
161 |
Near-term downtrend is intact. Initiate fresh short positions now and at 158 with a stop-loss at 160 |
₹2627 • Reliance Ind.
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
2614 |
2550 |
2650 |
2680 |
Holding above a support but can break it. Go short on a break below 2614. Stop-loss can be kept at 2630 |
₹448 • SBI
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
444 |
440 |
451 |
455 |
Resistance can cap the upside. A fresh fall is possible. Go short now and at 450 with a stop-loss at 453 |
₹3211 • TCS
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
3180 |
3150 |
3245 |
3300 |
Resistance ahead. Go short only if the stock reverses lower from 3245. Keep the stop-loss at 3265 |
15742 • Nifty 50 Futures
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
15660 |
15500 |
15820 |
15880 |
Initiate fresh short positions with a stop-loss at 15720 only if the contract breaks below 15660. |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.
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