Day trading guide for Sep 5, 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.

₹1584 • HDFC Bank

S1	S2	R1	R2	COMMENT
1575	1555	1600	1620	Buy now and also at 1580. Keep the stop-loss at 1570

₹1465 • Infosys

S1	S2	R1	R2	COMMENT
1455	1435	1485	1515	Go long now and at 1460. Keep the stop-loss at 1445

₹438 • ITC

S1	S2	R1	R2	COMMENT
436	433	440	443	Go short below 436. Stop-loss can be kept at 437

₹183 • ONGC

S1	S2	R1	R2	COMMENT
180	177	185	188	Go long only above 185. Keep the stop-loss at 184

₹2410 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2400	2380	2435	2450	Go short only below 2400. Keep the stop-loss at 2410

₹576 • SBI

S1	S2	R1	R2	COMMENT
573	570	579	582	Go long now and at 574. Keep the stop-loss at 572

₹3418 • TCS

S1	S2	R1	R2	COMMENT
3405	3365	3450	3470	Buy now and accumulate at 3410. Keep the stop-loss at 3395

19613 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
19575	19500	19700	19780	Go long now and at 19585. Stop-loss can be kept at 19560

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

COMMENT NOW

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.

Day trading guide for Sep 5, 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

You might also like

You might also like

Comments

Day trading guide for Sep 5, 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

Related Topics

You might also like

You might also like

Comments