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    HomeBusinessDay trading guide for June 22: Intraday supports, resistances for Nifty50 stocks

    Day trading guide for June 22: Intraday supports, resistances for Nifty50 stocks

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    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.

    ₹1336 • HDFC Bank

    S1

    S2

    R1

    R2

    COMMENT

    1320

    1295

    1345

    1355

    Reversing lower from a key resistance. Can see a fresh fall. Go short now with a stop-loss at 1355

    ₹1450 • Infosys

    S1

    S2

    R1

    R2

    COMMENT

    1435

    1420

    1455

    1465

    Resistance is holding well. Initiate fresh short positions now. Stop-loss can be kept at 1460

    ₹270 • ITC

    S1

    S2

    R1

    R2

    COMMENT

    267

    263

    271

    275

    Initiate fresh long positions with a stop-loss at 269 only if the stock breaks above 271.

    ₹139 • ONGC

    S1

    S2

    R1

    R2

    COMMENT

    138

    135

    141

    146

    Trend has reversed up. Initiate fresh long positions now and at 138 with a stop-loss at 136.

    ₹2584 • Reliance Ind.

    S1

    S2

    R1

    R2

    COMMENT

    2555

    2520

    2595

    2620

    Initiate fresh short positions if the stock turns down from 2595. Stop-loss can be kept at 2610

    ₹451 • SBI

    S1

    S2

    R1

    R2

    COMMENT

    446

    442

    456

    461

    Near-term view is positive. Go long now and on on dips at 447. Keep the stop-loss at 444

    ₹3212 • TCS

    S1

    S2

    R1

    R2

    COMMENT

    3185

    3140

    3235

    3270

    Can rise further from here. Go long now and on dips at 3190. Stop-loss can be placed at 3175

    15633 • Nifty 50 Futures

    S1

    S2

    R1

    R2

    COMMENT

    15590

    15430

    15760

    15820

    Near a key resistance. Go short with a stop-loss at 15620 only if the contract breaks below 15590.

    S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.

    Published on June 22, 2022

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