May 26 Daily Trading Guide: Intraday Supports, Resistances for Nifty50 Stocks

Day Trading Guide gives you key intraday supports and resistances to watch on 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 entries as well as stop-loss levels. The resistances and supports mentioned will be the exit levels. Note that the recommendations are based on technical analysis and there is a risk of loss in trading.

₹1,329 • HDFC Bank

S1

S2

R1

R2

COMMENT

1290

1280

1330

1350

The shares are trading near the resistance at 1330. Therefore, sell at the current level and hold the stop-loss at 1350.

₹1,410 • Infosys

S1

S2

R1

R2

COMMENT

1375

1330

1420

1450

The stock is likely to fall further. Launch new shorts and place the stop-loss at 1430.

₹273 • ITC

S1

S2

R1

R2

COMMENT

270

265

280

285

Despite recent weakness, the trend is bullish. Go long with a stop-loss at 265 if only it bounces off 270.

₹152 • CGSB

S1

S2

R1

R2

COMMENT

145

140

152

160

Hovering around the support-turned-resistance of 152. Go short the stock with a stop-loss at 155.

₹2,612 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2550

2480

2650

2685

Consider initiating new short positions if it reverses lower from 2650. Stop-loss at 2700.

₹454 • S.B.I.

S1

S2

R1

R2

COMMENT

445

435

470

480

Scrip appears to have resumed its downtrend. Sell ​​the stock with a stop-loss at 470.

₹3,168 • TCS

S1

S2

R1

R2

COMMENT

3120

3060

3230

3275

In strong bearish momentum. Sell ​​the stock with a stop-loss at 3250.

16016 • Clever 50 futures

S1

S2

R1

R2

COMMENT

16000

15740

16200

16300

Initiate new short positions with a stop-loss at 16150 if the contract breaks the support at 16000.

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

Published on

May 26, 2022

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