Day trading guide for October 06, 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.

₹1536 • HDFC Bank

S1	S2	R1	R2	COMMENT
1530	1510	1550	1570	Go long only above 1550. Keep the stop-loss at 1540

₹1462 • Infosys

S1	S2	R1	R2	COMMENT
1455	1435	1480	1510	Go short below 1455. Stop-loss can be kept at 1465

₹436 • ITC

S1	S2	R1	R2	COMMENT
433	428	439	442	Wait for dips. Go long at 434. Keep the stop-loss at 432

₹182 • ONGC

S1	S2	R1	R2	COMMENT
181	180	185	187	Take fresh longs now. Stop-loss can be placed at 180

₹2314 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2290	2260	2330	2370	Go short now and at 2325. Keep the stop-loss at 2340

₹592 • SBI

S1	S2	R1	R2	COMMENT
589	585	595	600	Go long only above 595. Stop-loss can be kept at 594

₹3589 • TCS

S1	S2	R1	R2	COMMENT
3565	3540	3630	3650	Outlook is unclear. Can go either way. Avoid trading the stock

19565 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
19520	19480	19620	19750	Go long on a break above 19620. Keep the stop-loss at 19590

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

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Day trading guide for October 06, 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

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Day trading guide for October 06, 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

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