Day trading guide for January 02, 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.

₹1700 • HDFC Bank

S1	S2	R1	R2	COMMENT
1690	1670	1720	1740	Buy this stock but have a tight stop-loss at 1690.

₹1551 • Infosys

S1	S2	R1	R2	COMMENT
1550	1520	1580	1600	Refrain from trading as the trend appears uncertain.

₹467 • ITC

S1	S2	R1	R2	COMMENT
460	455	470	480	Go long if the stock surpasses 470; stop-loss at 465.

₹205 • ONGC

S1	S2	R1	R2	COMMENT
205	202	210	215	Initiate longs as the stock is at support; stop-loss at 202.

₹2589 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2570	2550	2600	2650	Go long after a breakout of 2600; stop-loss at 2550.

₹641 • SBI

S1	S2	R1	R2	COMMENT
640	630	650	660	Do no trade as the chart does not indicate a direction.

₹3810 • TCS

S1	S2	R1	R2	COMMENT
3770	3750	3830	3880	Stock is range-bound. Stay away until there is a clarity.

21830 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
21820	21680	22000	22100	Buy if the contract bounces off 21820; stop-loss at 21750.

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

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Day trading guide for January 02, 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 02, 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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