Day trading guide for November 16, 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.

₹1504 • HDFC Bank

S1	S2	R1	R2	COMMENT
1490	1460	1535	1560	Go long now and at 1495. Keep the stop-loss at 1480

₹1411 • Infosys

S1	S2	R1	R2	COMMENT
1390	1350	1425	1455	Go long only above 1425. Keep the stop-loss at 1415

₹442 • ITC

S1	S2	R1	R2	COMMENT
439	437	446	451	Go long now and at 440. Stop-loss can be kept at 437

₹199 • ONGC

S1	S2	R1	R2	COMMENT
197	195	200	203	Go long only above 200. Stop-loss can be placed at 199

₹2357 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2350	2320	2385	2405	Initiate fresh longs now. Keep a tight stop-loss at 2340

₹585 • SBI

S1	S2	R1	R2	COMMENT
582	579	586	589	Go long only above 586. Stop-loss can be kept at 584

₹3399 • TCS

S1	S2	R1	R2	COMMENT
3380	3360	3435	3465	Go long now and accumulate at 3385 with a stop-loss at 3370

19724 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
19650	19600	19800	19880	Wait for dips. Go long at 19680. Keep the stop-loss at 19620

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

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Day trading guide for November 16, 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 16, 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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