Day trading guide for May 8, 2025: Intraday supports, resistances for Nifty50 stocks

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.

₹1944 • HDFC Bank
S1	S2	R1	R2	COMMENT
1925	1900	1950	1975	Go long on the stock if it breaches 1950; stop-loss at 1925.

₹1508 • Infosys
S1	S2	R1	R2	COMMENT
1490	1465	1520	1575	Short the stock if it slips below 1490; stop-loss at 1510.

₹430 • ITC
S1	S2	R1	R2	COMMENT
425	420	438	450	Trading between two key levels; traders can stay out for now.

₹238 • ONGC
S1	S2	R1	R2	COMMENT
232	225	240	250	Sell the stock if it rises to 240; place stop-loss at 250.

₹1406 • Reliance Ind.
S1	S2	R1	R2	COMMENT
1400	1360	1435	1450	Stock is hovering near support; buy with stop-loss at 1380

₹776 • SBI
S1	S2	R1	R2	COMMENT
770	760	785	800	Sell the stock if it breaks below 770; stop-loss can be 780.

₹3445 • TCS
S1	S2	R1	R2	COMMENT
3400	3300	3500	3600	Charting a sideways trend; traders can wait for more clarity.

24472 • Nifty 50 Futures
S1	S2	R1	R2	COMMENT
24320	24000	24600	24800	Intraday trend appears uncertain; refrain from trading.

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

Published on May 8, 2025

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