Day Trading Guide For April-25

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

₹2279 • HDFC Bank

S1

S2

R1

R2

COMMENT

2265

2250

2295

2310

Consider initiating fresh long positions with a tight stop-loss if the stock reverses higher from ₹2,265 levels

 

₹736 • Infosys

S1

S2

R1

R2

COMMENT

730

724

742

750

Make use of intra-day dips to buy the stock of Infosys while maintaining a fixed stop-loss at ₹730 levels.

 

₹306 • ITC

S1

S2

R1

R2

COMMENT

303

300

309

312

Initiate fresh long positions with a stiff stop-loss if the stock of ITC rebounds up from ₹303 levels

 

₹168 • ONGC

S1

S2

R1

R2

COMMENT

165

162

171

174

Near-term outlook is bullish for the stock of ONGC. Buy in declines while maintaining a fixed stop-loss at ₹165 levels

 

₹1390 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1375

1360

1405

1420

Fresh long positions can be initiated with a stiff stop-loss only if the stock of RIL moves beyond ₹1,405 levels

 

₹310 • SBI

S1

S2

R1

R2

COMMENT

305

300

317

323

Fresh long positions are recommended with a tight stop-loss only if the stock of SBI advances above ₹317 levels

 

₹2185 • TCS

S1

S2

R1

R2

COMMENT

2165

2145

2205

2225

The stock faces a key resistance ahead. Go long with a fixed stop-loss on a strong rally above ₹2,205 levels

 

11733 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11680

11630

11778

11825

Initiate fresh long positions with a tight stop-loss if the contract reverses higher from 11,680 levels

 

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

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