Day Trading Guide for October 11, 2022

BL Research Bureau Updated - October 11, 2022 at 06:00 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, 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.

₹1415 • HDFC Bank

S1	S2	R1	R2	COMMENT
1400	1380	1435	1450	Go short only on a break below 1400 with a stop-loss at 1410

₹1463 • Infosys

S1	S2	R1	R2	COMMENT
1440	1425	1485	1500	Go short with a stop-loss at 1495 if a reversal from 1485 is seen

₹328 • ITC

S1	S2	R1	R2	COMMENT
326	323	330	335	Can go either way. Avoid trading the stock for a few sessions

₹133 • ONGC

S1	S2	R1	R2	COMMENT
131	129	135	138	Wait for a break above 135 to go long. Keep the stop-loss at 133

₹2406 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2380	2360	2415	2445	Can fall from here. Take fresh shorts with a stop-loss at 2425.

₹530 • SBI

S1	S2	R1	R2	COMMENT
528	523	536	540	Can move up from here. Initiate longs with a stop-loss at 527

₹3121 • TCS

S1	S2	R1	R2	COMMENT
3100	3075	3150	3185	Outlook is bullish. Go long now and at 3110. Keep the stop-loss at 3090

17230 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
17220	17100	17280	17410	Go long only on a break above 17280. Stop-loss can be kept at 17240

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

Published on October 11, 2022 00:30