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

By Michael T. Jackson Last updated May 26, 2022

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

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

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