Day Trading Guide for November 14

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

₹1929 • HDFC Bank

S1

S2

R1

R2

COMMENT

1915

1890

1940

1960

Initiate fresh short positions with a stop-loss at ₹1,960 if the stock reverses lower from ₹1,940

₹665 • Infosys

S1

S2

R1

R2

COMMENT

657

650

675

690

Stuck in a narrow range. Avoid trading this stock until a clear trend and a trade signal emerges

₹276 • ITC

S1

S2

R1

R2

COMMENT

273

269

280

284

Bouncing from a key support. Go long and also accumulate on dips. Keep the stop-loss at ₹272

₹156 • ONGC

S1

S2

R1

R2

COMMENT

155

153

159

163

Hovers above a support. Go short if the stock breaks below ₹155. Stop-loss can be placed at ₹157

₹1099 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1080

1050

1117

1150

Resistance ahead. Go long with a stop-loss at ₹1,105 only if RIL breaks above ₹1,117

₹279 • SBI

S1

S2

R1

R2

COMMENT

273

268

281

284

Initiate fresh long positions only if SBI breaches ₹281 decisively. Keep the stop-loss at ₹278

₹1935 • TCS

S1

S2

R1

R2

COMMENT

1900

1880

1955

1990

Range bound with a bullish bias. Go long and also accumulate on dips with a stop-loss at ₹1,890

10608 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10560

10500

10660

10715

Resistance ahead. Go short with a stop-loss at 10,685 if the index futures reverses lower from 10,660.

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

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