Day trading guide for August 29, 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.

₹1578 • HDFC Bank

S1	S2	R1	R2	COMMENT
1550	1530	1585	1600	Take fresh shorts now. Keep the stop-loss at 1590

₹1416 • Infosys

S1	S2	R1	R2	COMMENT
1410	1395	1425	1440	Go long only above 1425. Keep the stop-loss at 1415

₹441 • ITC

S1	S2	R1	R2	COMMENT
439	433	445	447	Go short now and at 444. Keep the stop-loss at 446

₹175 • ONGC

S1	S2	R1	R2	COMMENT
173	170	176	178	Initiate fresh shorts now with a stop-loss at 177

₹2443 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2380	2340	2460	2500	Go short now and at 2455. Keep the stop-loss at 2470

₹573 • SBI

S1	S2	R1	R2	COMMENT
570	567	576	581	Go long now and at 571. Keep the stop-loss at 569

₹3375 • TCS

S1	S2	R1	R2	COMMENT
3350	3330	3390	3415	Go short now and at 3385. Stop-loss can be kept at 3395

19314 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
19270	19200	19380	19435	Wait for dips. Go long at 19285. Keep the stop-loss at 19240

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

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Day trading guide for August 29, 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 29, 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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