Day Trading Guide for February 17, 2023: Intraday supports, resistances for Nifty50 stocks

BL Research Bureau Updated - February 17, 2023 at 06:00 AM.

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

The 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.

₹1665 • HDFC Bank

S1	S2	R1	R2	COMMENT
1650	1635	1670	1690	Go long on dips at 1655. Stop-loss can be kept at 1640

₹1602 • INFOSYS

S1	S2	R1	R2	COMMENT
1580	1550	1630	1650	Wait for dips. Go long at 1585 with a stop-loss at 1570

₹382 • ITC

S1	S2	R1	R2	COMMENT
378	373	385	390	Go long above 385. Stop-loss can be kept at 383

₹156 • ONGC

S1	S2	R1	R2	COMMENT
154	152	158	160	Go long only above 158. Keep the stop-loss at 156

₹2430 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2410	2385	2455	2500	Go long on dips at 2415. Keep the stop-loss at 2390

₹540 • SBI

S1	S2	R1	R2	COMMENT
536	530	543	547	Go short below 536. Stop-loss can be kept at 538

₹3554 • TCS

S1	S2	R1	R2	COMMENT
3530	3500	3580	3620	Wait for dips. Go long at 2535. Stop-loss can be kept at 3520

18057 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
18035	17970	18120	18200	Go long on a bounce from here. Keep the stop-loss at 18010

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

Published on February 17, 2023 00:30