Day Trading Guide for November 15

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

₹1958 • HDFC Bank

S1

S2

R1

R2

COMMENT

1935

1900

1980

2010

Resistance ahead. Go long only if the stock breaks above ₹1,980. Keep the stop-loss at ₹1,965

 

₹653 • Infosys

S1

S2

R1

R2

COMMENT

640

630

658

670

Outlook is negative. Go short and also accumulate on rallies. Stop-loss can be placed at ₹663

 

₹276 • ITC

S1

S2

R1

R2

COMMENT

273

267

280

285

Hovers above the support. Go short with a stop-loss at ₹276 only if ITC breaks below ₹273

 

₹160 • ONGC

S1

S2

R1

R2

COMMENT

158

154

165

168

Near-term outlook is positive. Go long and also accumulate on dips with a stop-loss at ₹156

 

₹1096 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1070

1045

1118

1150

Initiate fresh long positions with a stop-loss at ₹1,090 only if RIL breaks above ₹1,118.

 

₹283 • SBI

S1

S2

R1

R2

COMMENT

279

273

287

292

Wait for dips and go long if SBI reverses higher from ₹279. Keep the stop-loss at ₹277

 

₹1880 • TCS

S1

S2

R1

R2

COMMENT

1870

1830

1905

1935

Go short with a stop-loss at ₹1,885 if TCS breaks below the support level of ₹1,870.

 

10593 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10545

10510

10635

10665

Immediate outlook is unclear. Avoid trading the index futures until a clear trend emerges

 

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

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