Day trading guide for August 30, 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.

₹1590 • HDFC Bank

S1	S2	R1	R2	COMMENT
1585	1560	1610	1625	Initiate fresh longs now. Keep the stop-loss at 1580

₹1418 • Infosys

S1	S2	R1	R2	COMMENT
1410	1395	1425	1440	Go long now and at 1410. Keep the stop-loss at 1400

₹440 • ITC

S1	S2	R1	R2	COMMENT
438	434	442	445	Take fresh shorts now. Stop-loss can be kept at 444

₹176 • ONGC

S1	S2	R1	R2	COMMENT
174	172	177	180	Go long only above 177. Keep the stop-loss at 176

₹2420 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2385	2365	2440	2460	Wait for a rise. Go short at 2435 with a stop-loss at 2455

₹575 • SBI

S1	S2	R1	R2	COMMENT
573	571	579	582	Go long now and at 574. Stop-loss can be kept at 572

₹3378 • TCS

S1	S2	R1	R2	COMMENT
3360	3345	3390	3420	Go long on a break above 3390. Keep the stop-loss at 3380

19346 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
19280	19200	19370	19430	Go long on dips at 19305 and 19285. Keep the stop-loss at 19265

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

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Day trading guide for August 30, 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 30, 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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