Day Trading Guide for November 1

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

₹1911 • HDFC Bank

S1

S2

R1

R2

COMMENT

1895

1880

1924

1940

Fresh long positions are recommended with a fixed stop-loss only if the stock rallies above ₹1,924 levels

 

₹686 • Infosys

S1

S2

R1

R2

COMMENT

676

665

695

707

Make use of intra-day dips to buy the stock of Infosys while retaining a stiff stop-loss at ₹676 levels

 

₹279 • ITC

S1

S2

R1

R2

COMMENT

277

274

283

287

Consider initiating fresh long positions with a tight stop-loss only if the stock advances above ₹283 levels

 

₹153 • ONGC

S1

S2

R1

R2

COMMENT

150

147

155

158

Initiate fresh long positions with a stiff stop-loss only if the stock of ONGC moves beyond ₹155 levels

 

₹1061 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1047

1030

1080

1100

Fresh short positions can be initiated with a stiff stop-loss if the stock of RIL fails to rally above ₹1,080 levels

 

₹280 • SBI

S1

S2

R1

R2

COMMENT

275

268

285

290

The stock of SBI tests a key resistance at current levels. Desist trading in the stock for the session

 

₹1937 • TCS

S1

S2

R1

R2

COMMENT

1920

1900

1960

1980

Initiate fresh long positions with a fixed stop-loss if the stock reverses higher from ₹1,920 levels

 

10398 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10350

10300

10450

10500

Fresh long positions can be initiated with a tight stop-loss if the contract rallies above 10,450 levels

 

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

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