Day Trading Guide for June 12, 2024: Intraday supports, resistances for Nifty50 stocks

BL Research Bureau Updated - June 12, 2024 at 10:21 AM.

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, 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.

₹1565 • HDFC Bank

S1	S2	R1	R2	COMMENT
1550	1535	1570	1585	Go short only below 1550. Keep the stop-loss at 1555

₹1496 • Infosys

S1	S2	R1	R2	COMMENT
1470	1450	1510	1530	Go short now and at 1505. Keep the stop-loss at 1515

₹433 • ITC

S1	S2	R1	R2	COMMENT
430	427	435	439	Go short now and at 434. Stop-loss can be placed at 436

₹274 • ONGC

S1	S2	R1	R2	COMMENT
272	268	275	279	Take fresh longs above 275. Keep the stop-loss at 274

₹2914 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2885	2865	2935	2965	Wait for a rise. Go short at 2925 with a stop-loss at 2945

₹835 • SBI

S1	S2	R1	R2	COMMENT
832	830	840	845	Go long only above 840. Stop-loss can be placed at 838

₹3857 • TCS

S1	S2	R1	R2	COMMENT
3830	3790	3880	3910	Wait for dips. Go long at 3835. Stop-loss can be kept at 3820

23313 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
23200	23000	23500	23600	Go short on a break below 23200. Keep the stop-loss at 23240

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

Published on June 12, 2024 00:33