Day trading guide for May 30, 2024: Intraday supports, resistances for Nifty50 stocks

BL Research Bureau Updated - May 30, 2024 at 06:03 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.

₹1508 • HDFC Bank

S1	S2	R1	R2	COMMENT
1500	1480	1515	1525	Go short only below 1500. Stop-loss can be placed at 1505.

₹1452 • Infosys

S1	S2	R1	R2	COMMENT
1430	1420	1465	1480	Go short now and at 1460. Keep the stop-loss at 1470

₹431 • ITC

S1	S2	R1	R2	COMMENT
430	427	433	435	Go short only below 430. Stop-loss can be kept at 431

₹272 • ONGC

S1	S2	R1	R2	COMMENT
270	268	274	276	Take fresh shorts below 270. Keep the stop-loss at 271

₹2881 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2860	2830	2900	2940	Go short now and at 2895. Keep the stop-loss at 2905

₹823 • SBI

S1	S2	R1	R2	COMMENT
820	815	828	832	Go short on a break below 820. Keep the stop-loss at 822

₹3805 • TCS

S1	S2	R1	R2	COMMENT
3790	3765	3835	3860	Go long if TCS bounces from 3790. Keep the stop-loss at 3780

22731 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
22720	22630	22870	22920	Go short on a break below 22720. Keep the stop-loss at 22740

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

Published on May 30, 2024 00:33