Day trading guide for January 03, 2024: Intraday supports, resistances for Nifty50 stocks

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.

₹1699 • HDFC Bank

S1	S2	R1	R2	COMMENT
1685	1670	1705	1725	Go long only above 1705. Keep the stop-loss at 1695

₹1535 • Infosys

S1	S2	R1	R2	COMMENT
1515	1500	1555	1575	Wait for dips. Go long at 1520 with a stop-loss at 1510

₹470 • ITC

S1	S2	R1	R2	COMMENT
467	463	473	476	Wait for dips. Go long at 468. Keep the stop-loss at 466

₹207 • ONGC

S1	S2	R1	R2	COMMENT
204	202	209	211	Go long on dips at 205. Stop-loss can be kept at 203

₹2611 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2600	2575	2620	2650	Go long only above 2620. Keep the stop-loss at 2610

₹639 • SBI

S1	S2	R1	R2	COMMENT
637	634	644	647	Can go either way. Avoid trading this stock for now

₹3783 • TCS

S1	S2	R1	R2	COMMENT
3765	3725	3810	3835	Wait for dips. Go long at 3770. Stop-loss can be kept at 3755

21754 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
21680	21625	21830	21940	Go short with a stop-loss at 21860 if the contract fails to break 21830.

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

COMMENT NOW

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.

Day trading guide for January 03, 2024: Intraday supports, resistances for Nifty50 stocks

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

You might also like

You might also like

Comments

Day trading guide for January 03, 2024: Intraday supports, resistances for Nifty50 stocks

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

Related Topics

You might also like

You might also like

Comments