Day Trading Guide For November 16

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

10154 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10100

10050

10200

10250

Make use of intra-day rallies to initiate fresh short positions in the contract with a fixed stop-loss at 10,200 levels



₹1798 • HDFC Bank

S1

S2

R1

R2

COMMENT

1790

1780

1812

1822

Fresh short positions are recommended with a fixed stop-loss if the stock declines below ₹1790 levels



₹951 • Infosys

S1

S2

R1

R2

COMMENT

940

930

960

970

Consider initiating fresh long positions with a stiff stop-loss only if the stock of moves beyond ₹960 levels



₹252 • ITC

S1

S2

R1

R2

COMMENT

250

247

256

259

Initiate fresh short positions with a tight stop-loss if the stock of ITC fails to rally above ₹256 levels



₹177 • ONGC

S1

S2

R1

R2

COMMENT

174

171

180

183

Near-term outlook is bearish for the stock of ONGC. Sell the stock in rallies with a fixed stop-loss at ₹180 levels



₹882 • Reliance Ind.

S1

S2

R1

R2

COMMENT

875

865

895

905

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



₹325 • SBI

S1

S2

R1

R2

COMMENT

320

315

330

3334

Make use of intra-day rallies to initiate fresh short positions in the stock while maintaining a stiff stop-loss at ₹330



₹2706 • TCS

S1

S2

R1

R2

COMMENT

2690

2670

2730

2750

Fresh short positions can be initiated with a tight stop-loss if the stock reverses down from ₹2730 levels



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

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