Day Trading Guide for November 4, 2022

BL Research Bureau Updated - November 04, 2022 at 06:22 AM.

Day Trading Guide gives you the key intraday supports and resistances to watch out for on the Nifty Futures and other widely traded stocks. 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.

₹1508 • HDFC Bank

S1	S2	R1	R2	COMMENT
1490	1436	1540	1600	Go long on a bounce from 1490. Keep the stop-loss at 1480

₹1530 • Infosys

S1	S2	R1	R2	COMMENT
1510	1475	1555	1585	Wait for dips. Go long at 1515. Stop-loss can be kept at 1495

₹354 • ITC

S1	S2	R1	R2	COMMENT
352	349	359	364	Go long now and on dips at 353. Keep the stop-loss at 350

₹136 • ONGC

S1	S2	R1	R2	COMMENT
135	133	137	139	Immediate outlook is not clear. Avoid trading this stock

₹2556 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2540	2520	2560	2590	Go long only on a break above 2560 with a stop-loss at 2545

₹585 • SBI

S1	S2	R1	R2	COMMENT
579	570	587	593	Go long on a reversal from 579. Stop-loss can be kept at 577

₹3207 • TCS

S1	S2	R1	R2	COMMENT
3190	3170	3220	3250	Can rise from here. Go long now and at 3195. Keep the stop-loss at 3180

18121 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
18070	18000	18165	18250	Initiate longs only on a break above 18165. Keep the stop-loss at 18120

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

Published on November 4, 2022 00:52