Day trading guide for November 08, 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.

₹1489 • HDFC Bank

S1	S2	R1	R2	COMMENT
1475	1460	1500	1530	Go long only above 1500. Keep the stop-loss at 1490

₹1404 • Infosys

S1	S2	R1	R2	COMMENT
1395	1380	1410	1435	Go long only above 1410. Keep the stop-loss at 1405

₹433 • ITC

S1	S2	R1	R2	COMMENT
432	430	437	440	Go short below 432. Stop-loss can be kept at 433

₹193 • ONGC

S1	S2	R1	R2	COMMENT
191	189	196	198	Wait for dips. Go long at 192 with a stop-loss at 190

₹2324 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2310	2290	2335	2350	Can go either way. Avoid trading this stock for now

₹581 • SBI

S1	S2	R1	R2	COMMENT
578	576	584	588	Go long now and at 579. Stop-loss can be kept at 577

₹3370 • TCS

S1	S2	R1	R2	COMMENT
3350	3325	3390	3410	Go long now and also at 3360. Keep the stop-loss at 3345

19482 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
19420	19350	19500	19550	Go long only above 19500. Keep the stop-loss at 19480

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

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Day trading guide for November 08, 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 08, 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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