Day trading guide for April 23, 2024: Intraday supports, resistances for Nifty50 stocks

BL Research Bureau Updated - April 23, 2024 at 10:24 AM.

Here are the intraday supports and resistances for widely traded stocks such as Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, TCS, and SBI

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, and 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.

₹1512 • HDFC Bank

S1	S2	R1	R2	COMMENT
1480	1465	1555	1600	Can go either way. Avoid trading this stock for now

₹1433 • Infosys

S1	S2	R1	R2	COMMENT
1420	1380	1460	1500	Wait for a rise. Go short at 1455. Keep the stop-loss at 1470

₹425 • ITC

S1	S2	R1	R2	COMMENT
423	419	429	432	Go long now and at 424. Stop-loss can be placed at 422

₹277 • ONGC

S1	S2	R1	R2	COMMENT
273	269	280	283	Go long only above 280. Stop-loss can be kept at 279

₹2961 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2950	2920	2975	3000	Go long only above 2975. Keep the stop-loss at 2965

₹766 • SBI

S1	S2	R1	R2	COMMENT
763	760	773	777	Go long now and at 764. Stop-loss can be kept at 762

₹3865 • TCS

S1	S2	R1	R2	COMMENT
3845	3800	3920	3945	Go long now. Accumulate at 3855 with a stop-loss at 3830

22393 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
22330	22250	22430	22540	Go long only on a break above 22430 with a stop-loss at 22390

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

Published on April 23, 2024 01:00