Day trading guide for November 02, 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

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, 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.

₹1474 • HDFC Bank

S1	S2	R1	R2	COMMENT
1465	1450	1500	1520	Go short if the stock falls below 1465; stop-loss at 1480.

₹1353 • Infosys

S1	S2	R1	R2	COMMENT
1325	1300	1360	1385	The stock breaches a support; go short with stop-loss at 1375.

₹428 • ITC

S1	S2	R1	R2	COMMENT
428	418	435	440	Initiate shorts if the stock falls below 428; stop-loss at 432.

₹186 • ONGC

S1	S2	R1	R2	COMMENT
185	182	188	190	Might stay flat for the day; do not initiate fresh positions.

₹2296 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2285	2230	2310	2330	The trend remains bearish; sell the stock with stop-loss at 2320.

₹566 • SBI

S1	S2	R1	R2	COMMENT
560	550	568	575	Hovering around a resistance; short with stop-loss at 572.

₹3332 • TCS

S1	S2	R1	R2	COMMENT
3300	3250	3350	3380	Makes lower low and set to fall further; sell with stop-loss at 3360.

19054 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
18960	18900	19120	19180	Short now and on a rally to 19120; place stop-loss at 19180.

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

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Day trading guide for November 02, 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 November 02, 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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