Day trading guide for September 01, 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.

₹1572 • HDFC Bank

S1	S2	R1	R2	COMMENT
1560	1550	1580	1600	Buy the stock if it breaks out of 1580; stop-loss at 1565.

₹1434 • Infosys

S1	S2	R1	R2	COMMENT
1425	1410	1450	1470	Corrective decline likely to have ended; buy with stop-loss at 1420.

₹440 • ITC

S1	S2	R1	R2	COMMENT
440	435	450	460	Buy as the risk-reward is favourable. Keep stop-loss at 435.

₹174 • ONGC

S1	S2	R1	R2	COMMENT
173	170	175	177	Sell this stock if the price falls below 173; place stop-loss at 174.

₹2406 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2385	2325	2420	2450	Consider going short as trend is bearish; stop-loss at 2430.

₹561 • SBI

S1	S2	R1	R2	COMMENT
555	550	565	575	Go short as the price hints at further fall; stop-loss at 567.

₹3357 • TCS

S1	S2	R1	R2	COMMENT
3350	3330	3410	3460	Yet to see a decisive breach of a range; stay away from trading.

19428 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
19400	19330	19480	19540	Buy the contract if it breaks out of 19480; stop-loss at 19400.

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

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Day trading guide for September 01, 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 September 01, 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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