Day Trading Guide for January 24, 2023

BL Research Bureau Updated - January 26, 2023 at 09:58 AM.

Day Trading Guide provides the key intraday supports and resistances to watch out for on the Nifty Futures and other widely traded stocks. 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.

₹1673 • HDFC Bank

S1	S2	R1	R2	COMMENT
1660	1640	1685	1705	Go long on dips at 1665. Keep the stop-loss at 1655

₹1548 • INFOSYS

S1	S2	R1	R2	COMMENT
1545	1540	1555	1580	Go long above 1555. Stop-loss can be kept at 1545

₹338 • ITC

S1	S2	R1	R2	COMMENT
336	333	341	344	Initiate fresh longs now with a stop-loss at 334

₹152 • ONGC

S1	S2	R1	R2	COMMENT
151	150	154	157	Go long now and at 151. Keep the stop-loss at 149

₹2430 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2395	2360	2450	2480	Take fresh shorts now. Keep the stop-loss at 2455

₹600 • SBI

S1	S2	R1	R2	COMMENT
598	590	605	610	Go long now and at 599 with a stop-loss at 596

₹3414 • TCS

S1	S2	R1	R2	COMMENT
3400	3360	3450	3485	Go long on a bounce from 3400. Keep the stop-loss at 3385

18151 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
18100	18070	18200	18340	Go long on break above 18200 with a stop-loss at 18170

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

Published on January 24, 2023 00:35