Day trading guide for January 12, 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.

₹1649 • HDFC Bank

S1	S2	R1	R2	COMMENT
1640	1615	1660	1675	Appears bearish. Go short below 1640; stop-loss at 1655.

₹1495 • Infosys

S1	S2	R1	R2	COMMENT
1475	1450	1540	1575	Refrain from trading as the trend appears uncertain.

₹462 • ITC

S1	S2	R1	R2	COMMENT
460	455	470	480	Might see a bounce; go long with stop-loss at 459.

₹211 • ONGC

S1	S2	R1	R2	COMMENT
210	206	215	220	Buy the stock only if it falls to 208; stop-loss at 206.

₹2718 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2700	2670	2750	2800	Buy now and on a dip to 2700; place stop-loss at 2675.

₹620 • SBI

S1	S2	R1	R2	COMMENT
620	610	630	638	Go long in case the stock rebounds; stop-loss at 610.

₹3736 • TCS

S1	S2	R1	R2	COMMENT
3660	3600	3750	3800	Price action unclear; stay away from trading this stock.

21690 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
21500	21300	21825	22000	Bet on the direction of the break of 21500-21825 range.

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

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Day trading guide for January 12, 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 12, 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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