Day trading guide for December 20, 2023: 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.

₹1653 • HDFC Bank

S1	S2	R1	R2	COMMENT
1640	1615	1670	1705	Go long on dips at 1645. Keep the stop-loss at 1635

₹1557 • Infosys

S1	S2	R1	R2	COMMENT
1540	1515	1570	1590	Go short now and at 1565. Keep the stop-loss at 1580

₹456 • ITC

S1	S2	R1	R2	COMMENT
455	452	458	460	Can go either way from here. Avoid trading this stock

₹200 • ONGC

S1	S2	R1	R2	COMMENT
199	197	203	205	Take fresh long positions now. Keep the stop-loss at 198

₹2558 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2550	2530	2575	2600	Initiate fresh long positions with a tight stop-loss at 2540

₹656 • SBI

S1	S2	R1	R2	COMMENT
653	650	660	665	Go long only above 660. Stop-loss can be placed at 659

₹3812 • TCS

S1	S2	R1	R2	COMMENT
3790	3730	3845	3900	Go short on a break below 3790. Keep the stop-loss at 3805

21529 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
21460	21400	21600	21800	Go long only above 21600. Stop-loss can be placed at 21770

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

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Day trading guide for December 20, 2023: 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 December 20, 2023: 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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