Day Trading Guide For April 24

Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:

₹1933 • HDFC Bank

S1

S2

R1

R2

COMMENT

1920

1910

1945

1955

Initiate fresh short positions with a stiff stop-loss if the stock fails to move beyond ₹1945 levels

 

₹1183 • Infosys

S1

S2

R1

R2

COMMENT

1172

1160

1195

1210

Fresh long positions can be initiated with a tight stop-loss only if the stock of Infosys rallies above ₹1195 levels

 

₹275 • ITC

S1

S2

R1

R2

COMMENT

272

270

277

280

Make use of intra-day dips to initiate fresh long positions while maintaining a stiff stop-loss at ₹272 levels

 

₹180 • ONGC

S1

S2

R1

R2

COMMENT

178

175

183

186

Consider initiating fresh long positions with a fixed stop-loss if the stock of ONGC advances above ₹183 levels

 

₹935 • Reliance Ind.

S1

S2

R1

R2

COMMENT

926

915

945

955

Fresh long positions are recommended with a tight stop-loss only if the stock of RIL rallies above ₹945 levels

 

₹942 • SBI

S1

S2

R1

R2

COMMENT

238

234

246

250

Consider initiating fresh short positions with a stiff stop-loss if the stock of SBI declines below ₹238 levels

 

₹3415 • TCS

S1

S2

R1

R2

COMMENT

3390

3360

3435

3460

Fresh long positions can be initiated with a tight stop-loss only if the stock advances above ₹3435 levels

 

10585 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10540

10500

10625

10665

Initiate fresh long positions with a tight stop-loss only if the contract moves beyond 10,625 levels

 

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

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