Day Trading Guide For November-13

₹1923 • HDFC Bank

S1

S2

R1

R2

COMMENT

1910

1895

1935

1950

Initiate fresh short positions with a stiff stop-loss if the stock reverses down from ₹1,935 levels

₹664 • Infosys

S1

S2

R1

R2

COMMENT

655

645

675

686

Fresh long positions are recommended with a fixed stop-loss only if the stock of Infosys climbs above ₹675

₹273 • ITC

S1

S2

R1

R2

COMMENT

271

268

277

280

Make use of intra-day rallies to initiate fresh short positions while maintaining a stiff stop-loss at ₹277

₹156 • ONGC

S1

S2

R1

R2

COMMENT

154

151

159

162

Consider initiating fresh long positions with a tight stop-loss only if the stock moves beyond ₹159

₹1078 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1066

1050

1095

1100

Initiate fresh short positions with a tight stop-loss if the stock of RIL falls below ₹1,066

₹277 • SBI

S1

S2

R1

R2

COMMENT

273

268

282

287

Fresh short positions can be initiated with a stiff stop-loss if the stock of SBI fails to move beyond ₹282

₹1915 • TCS

S1

S2

R1

R2

COMMENT

1900

1880

1940

1960

Initiate fresh long positions with a fixed stop-loss if the stock of TCS advances above ₹1,940

10503 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10450

10400

10550

10600

Fresh long positions are recommended with a fixed stop-loss only if the contract moves beyond 10,550

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

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