Trade Tactics: Nifty50 Levels to Watch on October 7

As markets open on October 7, traders eye key intraday support and resistance levels across Nifty50 stocks, with bullish sentiment continuing from the previous session. The Nifty closed at 25,077.65, reaffirming upward momentum.

Key highlights:  
1. Nifty Futures show support at 24,993, 24,914, and 24,836, while resistance lies at 25,152, 25,231, and 25,311.  
2. Reliance Industries: Go long on dips at 2,965 with stop-loss at 2,945.  
3. Infosys: Entry above 1,465 with stop-loss at 1,455.  
4. HDFC Bank: Buy above 876, stop-loss at 875.  
5. TCS: Long positions above 403, stop-loss at 402.  
6. SBI: Fresh longs only above 248, stop-loss at 246.  
7. Bank Nifty continues its outperformance, with support at 55,600 and upside potential toward 56,550 if sustained above 56,200.

These technical levels offer strategic entry-exit zones for intraday traders.

Sources: The Hindu BusinessLine, NDTV Profit, Market Levels Hub.