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Day Trading Guide for October 28, 2022

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.

₹1454 • HDFC Bank

S1

S2

R1

R2

COMMENT

1445

1430

1465

1480

Can go either way from here. Avoid trading the stock today

₹1523 • Infosys

S1

S2

R1

R2

COMMENT

1520

1505

1535

1555

Go long on a break above 1535. Keep the stop-loss at 1525

₹346 • ITC

S1

S2

R1

R2

COMMENT

344

339

350

354

Go long now and on dips at 345. Stop-loss can be kept at 342

₹132 • ONGC

S1

S2

R1

R2

COMMENT

130

128

134

136

Bias is bullish. Take fresh longs now with a stop-loss at 129

₹2450 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2435

2390

2490

2530

Bouncing from support. Go long with a stop-loss at 2430

₹580 • SBI

S1

S2

R1

R2

COMMENT

576

570

585

590

Go long on a bounce from 576. Keep the stop-loss at 574

₹3156 • TCS

S1

S2

R1

R2

COMMENT

3150

3130

3175

3205

Take fresh longs on a break above 3175 with a stop-loss at 3160

17803 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

17730

17650

17880

18000

Go long now and accumulate at 17760 with a stop-loss at 17680

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

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