Your Day Trading Guide for May 28: Key Levels for Nifty50 Stocks
Day Trading Guide for May 28, 2025
Key Support and Resistance Levels
This day trading guide provides you with the crucial intraday support and resistance levels to watch for on Nifty futures and popular stocks like Reliance Industries, Infosys, HDFC Bank, TCS, and SBI. Based on the current market trend, the guide also offers intraday trade recommendations with specific entry and stop-loss levels.
Remember that these recommendations are based on technical analysis, and trading always involves risk.
Stock-Specific Analysis
Here’s a breakdown of the key levels for each stock mentioned:
- HDFC Bank: S1: 1910, S2: 1885, R1: 1945, R2: 1960. Comment: Wait for dips. Go long at 1915. Keep the stop-loss at 1905
- Infosys: S1: 1555, S2: 1540, R1: 1585, R2: 1630.Comment: Go long only above 1585. Keep the stop-loss at 1575
- ITC: S1: 431, S2: 426, R1: 439, R2: 444.Comment: Take fresh shorts below 431. Keep the stop-loss at 433
- ONGC: S1: 243, S2: 240, R1: 247, R2: 251.Comment: Go short only below 243. Stop-loss can be placed at 244
- Reliance Ind.: S1: 1405, S2: 1385, R1: 1445, R2: 1465.Comment: Wait for dips. Go long at 1410. Keep the stop-loss at 1400
- SBI: S1: 789, S2: 780, R1: 800, R2: 810.Comment: Go short only below 789. Stop-loss can be placed at 792
- TCS: S1: 3485, S2: 3455, R1: 3520, R2: 3545.Comment: Go short on a break below 3485. Keep the stop-loss at 3495
Nifty 50 Futures
24860: S1: 24730, S2: 24600, R1: 24920, R2: 25120. Comment: Go long on dips at 24760. Stop-loss can be kept at 24710
Note: S1, S2: Support 1 & 2; R1, R2: Resistance 1 & 2.
This information is for educational purposes only and should not be considered financial advice.
