Day Trading Guide Gives You The Key Intraday Support and Resistance to Watch out for on the Nifty Futures and Other Wedley Traded Stocks Such as Reliance, Infosys, Infosys, HDFC BANK, Sbi. Based on the trend, it also also gives intraday trade recommendations with specific entry as well as stop-lights levels. The mentioned resistors and supports will be the exit levels. Do note that recommendations are based on technical analysis and there is a risk of loss in trading.
₹ 1680 • HDFC Bank
|
S1
|
S2
|
R1
|
R2
|
Comment
|
|
1675
|
1655
|
1685
|
1700
|
If the stock breaks out of 1685, go long with a stop-live 1675.
|
₹ 1863 • Infosys
|
S1
|
S2
|
R1
|
R2
|
Comment
|
|
1855
|
1835
|
1885
|
1900
|
The price action shows a sideways trend; Stay out for now.
|
₹ 454 • ITC
|
S1
|
S2
|
R1
|
R2
|
Comment
|
|
452
|
444
|
465
|
470
|
Stock is now at a support level; Go long with a stop-live 444.
|
₹ 249 • ONGC
|
S1
|
S2
|
R1
|
R2
|
Comment
|
|
245
|
242
|
255
|
258
|
Buy now since the stock is at a support; Place Stop-Loss at 245.
|
₹ 1245 • Reliance Ind.
|
S1
|
S2
|
R1
|
R2
|
Comment
|
|
1238
|
1230
|
1252
|
1270
|
The intraday trend appears unclear; Refrain from Trading.
|
₹ 761 • SBI
|
S1
|
S2
|
R1
|
R2
|
Comment
|
|
752
|
740
|
762
|
775
|
Go long if the stock breaks out of 762; Keep Stop-Loss at 752.
|
₹ 4067 • TCS
|
S1
|
S2
|
R1
|
R2
|
Comment
|
|
4030
|
4000
|
4080
|
4120
|
Short the stock as there is a resistance ahead; Stop-Loss at 4085.
|
23440 • NIFTY 50 Futures
|
S1
|
S2
|
R1
|
R2
|
Comment
|
|
23320
|
23150
|
23500
|
23650
|
Sell the contract if it falls below 23320; Stop-Loss Can Be 23450.
|
S1, S2: Support 1 & 2; R1, R2: Resistance 1 & 2.
Published on February 4, 2025
