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:

10233 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10180

10130

10278

10330

Fresh short positions can be initiated with a tight stop-loss if the contract reverses down from 10278 levels



₹1802 • HDFC Bank

S1

S2

R1

R2

COMMENT

1790

1780

1812

1822

Initiate fresh short positions with a fixed stop-loss if the stock declines below ₹1790 levels



₹949 • Infosys

S1

S2

R1

R2

COMMENT

940

930

960

970

Fresh long positions are recommended with a stiff stop-loss only if the stock moves above ₹960 levels



₹256 • ITC

S1

S2

R1

R2

COMMENT

254

252

259

261

Make use of intra-day rallies to initiate fresh short positions while maintaining a fixed stop-loss at ₹259 levels



₹182 • ONGC

S1

S2

R1

R2

COMMENT

180

177

185

188

Initiate fresh short positions with a tight stop-loss if the stock of ONGC fails to move beyond ₹185 levels



₹886 • Reliance Ind.

S1

S2

R1

R2

COMMENT

875

865

895

905

Fresh long positions are recommended with a fixed stop-loss only if the stock advances above ₹895 levels



₹329 • SBI

S1

S2

R1

R2

COMMENT

325

320

334

339

Consider initiating fresh short positions with a stiff stop-loss only if the stock of SBI declines below ₹325 levels



₹2716 • TCS

S1

S2

R1

R2

COMMENT

2700

2680

2735

2755

Initiate fresh short positions with a tight stop-loss if the stock of TCS declines below ₹2700 levels



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

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