Day Trading Guide for November 9

 

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

₹1958 • HDFC Bank

S1

S2

R1

R2

COMMENT

1945

1930

1970

1985

Fresh long positions can be initiated with a stiff stop-loss if the stock moves beyond ₹1,970 levels

 

₹676 • Infosys

S1

S2

R1

R2

COMMENT

665

655

685

695

Initiate fresh long positions with a fixed stop-loss only if the stock advances above ₹685 levels

 

₹280 • ITC

S1

S2

R1

R2

COMMENT

277

274

283

286

The stock of ITC tests a key support. Go short with a tight stop-loss only if the stock falls below ₹277 levels

 

₹157 • ONGC

S1

S2

R1

R2

COMMENT

154

151

160

163

Fresh long positions are recommended with a stiff stop-loss only if the stock of ONGC rallies above ₹160 levels

 

₹1110 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1095

1080

1125

1140

Consider initiating fresh long positions with a tight stop-loss only if the stock advances above ₹1,125 levels

 

₹286 • SBI

S1

S2

R1

R2

COMMENT

280

275

290

295

Initiate fresh long positions with a fixed stop-loss if the stock of SBI rebounds up from ₹280 levels

 

₹1942 • TCS

S1

S2

R1

R2

COMMENT

1920

1900

1960

1980

Fresh long positions can be initiated with a tight stop-loss if the stock of TCS reverses higher from ₹1,920 levels

 

10614 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10570

10520

10650

10700

Initiate fresh long positions with a stiff stop-loss if the contract moves beyond 10,650 levels

 

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

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