Day trading guide for August 25, 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.

₹1579 • HDFC Bank

S1	S2	R1	R2	COMMENT
1570	1550	1600	1620	Take fresh shorts below 1570. Keep the stop-loss at 1580

₹1424 • Infosys

S1	S2	R1	R2	COMMENT
1415	1400	1440	1460	Take fresh longs now. Stop-loss can be placed at 1410

₹451 • ITC

S1	S2	R1	R2	COMMENT
448	445	453	456	Go long only above 453. Stop-loss can be kept at 451

₹173 • ONGC

S1	S2	R1	R2	COMMENT
170	168	175	178	Go short now and at 174. Keep the stop-loss at 176

₹2479 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2450	2420	2500	2545	Wait for dips. Go long at 2460 with a stop-loss at 2445

₹577 • SBI

S1	S2	R1	R2	COMMENT
575	570	579	582	Go short below 575. Stop-loss can be placed at 576

₹3389 • TCS

S1	S2	R1	R2	COMMENT
3360	3340	3415	3465	Go long on a break above 3415 with a stop-loss at 3395

19391 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
19350	19280	19450	19510	Go short on a break below 19350 with a stop-loss at 19370

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

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Day trading guide for August 25, 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 August 25, 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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