Day Trading Guide for April 11, 2023

BL Research Bureau Updated - April 11, 2023 at 06:00 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.

₹1658 • HDFC Bank

S1	S2	R1	R2	COMMENT
1645	1630	1665	1685	Go short now and at 1660. Keep the stop-loss at 1675

₹1427 • INFOSYS

S1	S2	R1	R2	COMMENT
1415	1405	1435	1450	Go long above 1435. Stop-loss can be kept at 1425

₹389 • ITC

S1	S2	R1	R2	COMMENT
386	384	391	394	Wait for dips. Go long at 387. Keep the stop-loss at 385

₹157 • ONGC

S1	S2	R1	R2	COMMENT
155	153	158	160	Can go either way. Avoid trading this stock for now

₹2324 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2315	2300	2350	2370	Wait for dips and go long at 2320 with a stop-loss at 2305

₹526 • SBI

S1	S2	R1	R2	COMMENT
524	520	529	532	Go short only below 524. Keep the stop-loss at 526

₹3263 • TCS

S1	S2	R1	R2	COMMENT
3250	3220	3280	3300	Wait for a dip. Go long at 3255. Stop-loss can be kept at 3240

17677 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
17600	17550	17720	17800	Go long only on a break above 17720 with a stop-loss at 17690

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

Published on April 11, 2023 00:30