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.
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