Day trading guide

Day Trading Guide For November 1

| Updated on March 09, 2018 Published on October 31, 2017

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

10368 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10335

10300

10405

10440

Fresh short positions can be initiated with a tight stop-loss if the contract falls below 10335 levels



₹1808 • HDFC Bank

S1

S2

R1

R2

COMMENT

1798

1784

1820

1830

Consider initiating fresh long positions with a stiff stop-loss only if the stock rallies above ₹1820 levels



₹921 • Infosys

S1

S2

R1

R2

COMMENT

910

900

930

940

Make use of intra-day rallies to initiate fresh short positions while maintaining a fixed stop-loss at ₹930 levels



₹266 • ITC

S1

S2

R1

R2

COMMENT

264

262

268

271

Fresh short positions are recommended with a tight stop-loss only if the stock declines below ₹174 levels



₹191 • ONGC

S1

S2

R1

R2

COMMENT

188

185

194

197

Near-term outlook is bullish for the stock of ONGC. Make use of intra-day declines to buy it with a stop-loss at ₹188



₹940 • Reliance Ind.

S1

S2

R1

R2

COMMENT

930

920

950

960

Initiate fresh long positions with a tight stop-loss only if the stock of RIL climbs above ₹950 levels



₹305 • SBI

S1

S2

R1

R2

COMMENT

300

295

312

320

Fresh short positions can be initiated with a fixed stop-loss if the stock reverses down from ₹312 levels



₹2616 • TCS

S1

S2

R1

R2

COMMENT

2600

2580

2630

2650

Utilise intra-day declines to buy the stock while retaining a stiff stop-loss at ₹2600 levels



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

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