Day Trading Guide for September 9, 2022

BL Research Bureau Updated - September 09, 2022 at 06:05 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. 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.

₹1497 • HDFC Bank

S1	S2	R1	R2	COMMENT
1480	1460	1505	1520	Key resistance ahead. Go long with a stop-loss at 1495 only if the stock breaks above 1505.

₹1476 • Infosys

S1	S2	R1	R2	COMMENT
1465	1440	1500	1530	Near-term outlook is positive. Initiate fresh long positions now with a stop-loss at 1460

₹330 • ITC

S1	S2	R1	R2	COMMENT
328	326	333	339	Uptrend resumes. Go long now and accumulate on dips at 329. Keep the stop-loss at 327.

₹132 • ONGC

S1	S2	R1	R2	COMMENT
130	127	134	139	Initiate fresh long positions with a stop-loss at 128 if the stock reverses higher from 130.

₹2585 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2565	2525	2610	2660	Hovers above a support. Go short only if RIL breaks below 2565. Keep the stop-loss at 2580

₹545 • SBI

S1	S2	R1	R2	COMMENT
540	532	550	560	Upmove gains momentum. Go long now and accumulate on dips at 542 with a stop-loss at 538

₹3170 • TCS

S1	S2	R1	R2	COMMENT
3140	3100	3185	3215	Immediate outlook is not clear. Avoid trading the stock for some time until a clear trend emerges

17834 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
17800	17700	17930	18000	Can rise if it can sustain above 17800. Initiate fresh long positions with a tight stop-loss at 17770

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

Published on September 9, 2022 00:35