Day trading guide for October 05, 2023: 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

The 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.

₹1530 • HDFC Bank

S1	S2	R1	R2	COMMENT
1515	1500	1540	1565	Buy the stock if it breaks out of 1540; stop-loss at 1515.

₹1445 • Infosys

S1	S2	R1	R2	COMMENT
1420	1400	1475	1500	Go long on this stock with a stop-loss at 1415.

₹436 • ITC

S1	S2	R1	R2	COMMENT
430	425	438	450	Slips below a support; initiate fresh shorts with stop-loss at 445.

₹182 • ONGC

S1	S2	R1	R2	COMMENT
180	178	185	188	Chart gives a bearish signal; go short with stop-loss at 185.

₹2314 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2300	2240	2340	2400	Trend is bearish. Yet, sell on a break of 2300; stop-loss at 2320.

₹585 • SBI

S1	S2	R1	R2	COMMENT
585	575	590	600	Sell if 585 is decisively breached; place stop-loss at 590.

₹3536 • TCS

S1	S2	R1	R2	COMMENT
3490	3460	3550	3600	Initiate longs if the stock rallies past 3550; stop-loss at 3520.

19478 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
19450	19400	19500	19700	Consider longs if the contract goes above 19500; stop-loss at 19450.

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

COMMENT NOW

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.

Day trading guide for October 05, 2023: 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

You might also like

You might also like

Comments

Day trading guide for October 05, 2023: 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

Related Topics

You might also like

You might also like

Comments