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Day Trading Guide gives you the key intraday supports and resistances to watch out for on the Nifty Futures and other widely traded stocks. 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.
₹1327 • HDFC Bank
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
1310 |
1290 |
1335 |
1360 |
Initiate fresh short positions if the stock reverses lower from 1335. Keep the stop-loss at 1345 |
₹1424 • Infosys
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
1410 |
1400 |
1440 |
1450 |
Outlook is negative. Wait for a rise and go short at 1435 and 1445. Stop-loss can be kept at 1460 |
₹265 • ITC
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
263 |
259 |
267 |
269 |
Near-term bounce is possible. Wait for higher levels and go short only at 268 with a stop-loss at 271 |
₹160 • ONGC
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
156 |
152 |
163 |
167 |
Trend has turned down. Initiate fresh shorts now and accumulate at 162. Keep the stop-loss at 165 |
₹2663 • Reliance Ind.
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
2615 |
2570 |
2685 |
2721 |
Short-lived bounce is possible. Go short now and accumulate at 2680. Stop-loss can be kept at 2705 |
₹446 • SBI
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
442 |
438 |
450 |
454 |
Outlook is bearish. Initiate fresh short positions now and at 449. Keep the stop-loss at 452 |
₹3220 • TCS
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
3190 |
3150 |
3260 |
3350 |
Resistance ahead. Wait for a rise and go short at 3255. Stop-loss can be placed at 3275 |
15790 • Nifty 50 Futures
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
15730 |
15680 |
15950 |
16100 |
Short-term outlook is bearish. Go short now and on a rise at 15930. Keep the stop-loss at 16050 |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.
Published on
June 14, 2022
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