Day trading guide for August 31, 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
1575	1560	1600	1625	Sell the stock if it declines below 1575; stop-loss at 1600.

₹1435 • Infosys

S1	S2	R1	R2	COMMENT
1425	1410	1450	1470	Go long as the stock breached a hurdle; stop-loss at 1410.

₹442 • ITC

S1	S2	R1	R2	COMMENT
440	435	450	460	Buy as the risk-reward is favourable. Keep stop-loss at 435.

₹175 • ONGC

S1	S2	R1	R2	COMMENT
175	173	180	185	Trend is uncertain and so, avoid fresh trades in this stock.

₹2418 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2385	2325	2450	2500	Consider going short as trend is bearish; stop-loss at 2450.

₹567 • SBI

S1	S2	R1	R2	COMMENT
565	555	575	600	Go short if the stock falls below 565; stop-loss can be at 575.

₹3390 • TCS

S1	S2	R1	R2	COMMENT
3360	3330	3410	3460	Stuck within two key levels. Do not take intraday trades.

19340 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
19280	19220	19400	19500	Buy the contract if it breaks out of 19400; stop-loss at 19340.

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

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Day trading guide for August 31, 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 31, 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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