Day Trading Guide for October 21, 2022

BL Research Bureau Updated - October 21, 2022 at 06:03 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, 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.

₹1449 • HDFC Bank

S1	S2	R1	R2	COMMENT
1440	1420	1465	1480	Go short on a break below 1440. Keep the stop-loss at 1455

₹1500 • Infosys

S1	S2	R1	R2	COMMENT
1480	1460	1520	1555	Buy now and on dips at 1485. Stop-loss can be kept at 1465

₹350 • ITC

S1	S2	R1	R2	COMMENT
348	345	355	360	Bullish. Go long now and at 349. Keep the stop-loss at 346

₹130 • ONGC

S1	S2	R1	R2	COMMENT
127	125	132	135	Take fresh short positions now with a tight stop-loss at 133

₹2501 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2480	2450	2535	2560	Go long now and add on dips at 2485 with a stop-loss at 2465

₹555 • SBI

S1	S2	R1	R2	COMMENT
546	542	561	570	Go short if SBI reverses from 546. Keep the stop-loss at 563

₹3155 • TCS

S1	S2	R1	R2	COMMENT
3145	3100	3185	3215	Go long now and also on dips at 3150. Keep the stop-loss at 3130

17545 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
17500	17440	17650	17800	Take fresh longs now and at 17520.Stop-loss can be kept at 17480

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

Published on October 21, 2022 00:33