Day Trading Guide for October 31

Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:

₹1814 • HDFC Bank

S1

S2

R1

R2

COMMENT

1790

1770

1825

1845

Resistance ahead. Go long with a stop-loss at ₹1,795 only if the stock breaks above ₹1,825



₹944 • Infosys

S1

S2

R1

R2

COMMENT

940

925

955

970

Initiate fresh long positions if the stock bounces from ₹940. Keep the stop-loss at ₹930



₹265 • ITC

S1

S2

R1

R2

COMMENT

263

260

267

271

Wait for dips and go long if the stock bounce from ₹263. Stop-loss can be placed at ₹261



₹187 • ONGC

S1

S2

R1

R2

COMMENT

185

180

190

195

Corrective fall looks likely. Go short on a break below ₹185 with a stop-loss at ₹187



₹940 • Reliance Ind.

S1

S2

R1

R2

COMMENT

930

900

955

975

Oultook is bullish. Go long and also accumulate on dips with a stop-loss at ₹925



₹312 • SBI

S1

S2

R1

R2

COMMENT

310

300

323

335

Initiate fresh short positions if SBI falls below ₹310. Stop-loss can be kept at ₹315



₹2613 • TCS

S1

S2

R1

R2

COMMENT

2570

2540

2640

2700

Upmove is gaining momentum. Go long and also accumulate on dips with a stop-loss at ₹2580



10393 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10380

10345

10405

10445

Initiate fresh long positions with a stop-loss at 10,385 only if the contract breaks above 10,405



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

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