Day trading guide for January 04, 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

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.

₹1673 • HDFC Bank

S1	S2	R1	R2	COMMENT
1655	1640	1685	1700	Go short now and at 1680. Keep the stop-loss at 1695

₹1490 • Infosys

S1	S2	R1	R2	COMMENT
1480	1460	1520	1545	Wait for dips. Go long at 1485. Keep the stop-loss at 1470

₹477 • ITC

S1	S2	R1	R2	COMMENT
475	471	481	483	Go long now and at 476. Stop-loss can be kept at 474

₹208 • ONGC

S1	S2	R1	R2	COMMENT
205	202	211	214	Go short now and on a rise at 210 with a stop-loss at 212

₹2583 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2565	2535	2605	2630	Go short only below 2565. Keep the stop-loss at 2575

₹643 • SBI

S1	S2	R1	R2	COMMENT
641	637	647	652	Go short now and at 646. Stop-loss can be kept at 648

₹3692 • TCS

S1	S2	R1	R2	COMMENT
3650	3630	3720	3760	Go short now and also at 3710. Stop-loss can be kept at 3730

21595 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
21520	21400	21640	21700	Go short now and also at 21630. Keep the stop-loss at 21680

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

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Day trading guide for January 04, 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

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Day trading guide for January 04, 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

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