Day Trading Guide For November 10

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

₹1826 • HDFC Bank

S1

S2

R1

R2

COMMENT

1815

1790

1840

1880

The stock is gaining momentum. Go long and also accumulate on dips with a stop-loss at ₹1,805



₹955 • Infosys

S1

S2

R1

R2

COMMENT

940

920

960

980

Range bound with a bullish bias. Go long with a stop-loss at ₹945 on a strong break above ₹960



₹260 • ITC

S1

S2

R1

R2

COMMENT

257

253

263

268

Resistance ahead. Go short if the stock reverses lower from ₹263. Keep the stop-loss at ₹266



₹189 • ONGC

S1

S2

R1

R2

COMMENT

186

180

193

200

Wait for rallies and go short with a stop-loss at ₹197 if the stock reverses lower from ₹193.



₹902 • Reliance Ind.

S1

S2

R1

R2

COMMENT

885

860

918

930

A near-term relief rally looks likely. Initiate fresh long positions with a stop-loss at ₹980



₹314 • SBI

S1

S2

R1

R2

COMMENT

305

295

320

330

Initiate fresh long positions with a stop-loss at ₹305 only if the stock breaks above ₹320.



₹2734 • TCS

S1

S2

R1

R2

COMMENT

2700

2665

2750

2800

Resistance ahead. Go long with a stop-loss at ₹2735 only if the stock breaks above ₹2750.



10362 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10350

10300

10410

10435

Wait for rallies and go short if the contract reverses lower from 10,410. Keep the stop-loss at 10,435



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

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