Day Trading Guide for October 26, 2023: Intraday supports, resistances for Nifty50 stocks

Here are the key intraday supports and resistances to watch out for Nifty Futures, RIL, ONGC, TCS, Infosys, HDFC Bank, SBI, and ITC

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.

₹1496 • HDFC Bank

S1	S2	R1	R2	COMMENT
1495	1470	1500	1520	Go short if the stock falls below 1495; stop-loss at 1510.

₹1370 • Infosys

S1	S2	R1	R2	COMMENT
1350	1325	1385	1400	Sell the stock as trend appears bearish; stop-loss at 1390.

₹432 • ITC

S1	S2	R1	R2	COMMENT
425	418	435	440	Initiate shorts as the stock fell below 435; stop-loss at 438.

₹183 • ONGC

S1	S2	R1	R2	COMMENT
182	180	184	186	Sell the stock as it faces selling pressure; stop-loss at 185.

₹2258 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2225	2200	2285	2300	Chart shows clear bear trend; short the stock with stop-loss at 2285.

₹556 • SBI

S1	S2	R1	R2	COMMENT
545	540	560	565	Go short on the stock now; keep a stop-loss at 562.

₹3389 • TCS

S1	S2	R1	R2	COMMENT
3355	3300	3400	3430	Closes below 3400; initiate short with stop-loss at 3430.

19130 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
19100	19000	19250	19300	Might consolidate because of expiry; stay away from trading.

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

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Day Trading Guide for October 26, 2023: Intraday supports, resistances for Nifty50 stocks

Here are the key intraday supports and resistances to watch out for Nifty Futures, RIL, ONGC, TCS, Infosys, HDFC Bank, SBI, and ITC

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Day Trading Guide for October 26, 2023: Intraday supports, resistances for Nifty50 stocks

Here are the key intraday supports and resistances to watch out for Nifty Futures, RIL, ONGC, TCS, Infosys, HDFC Bank, SBI, and ITC

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