Day trading guide

Day Trading Guide For November 17

| Updated on January 09, 2018 Published on November 16, 2017

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

10250 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10200

10150

10300

10350

As long as the contract trades above 10,200 the near term view stays positive. Buy with a fixed stop-loss



₹1805 • HDFC Bank

S1

S2

R1

R2

COMMENT

1795

1780

1815

1825

The stock continues to test a key support level. Go short with a fixed stop-loss only if it declines below ₹1795



₹988 • Infosys

S1

S2

R1

R2

COMMENT

980

970

1000

1010

Near-term outlook is bullish for the stock of Infosys. Buy in dips while maintaining a stiff stop-loss at ₹980 levels



₹255 • ITC

S1

S2

R1

R2

COMMENT

252

520

257

260

Fresh long positions are recommended with a tight stop-loss only if the stock of ITC moves beyond ₹257 levels



₹179 • ONGC

S1

S2

R1

R2

COMMENT

177

174

182

185

Make use of intra-day rallies to initiate fresh short positions in the stock while retaining a tight stop-loss at ₹182



₹902 • Reliance Ind.

S1

S2

R1

R2

COMMENT

892

882

912

920

Make use of intra-day declines to initiate fresh long positions in the stock of RIL with a fixed stop-loss at ₹892 levels



₹333 • SBI

S1

S2

R1

R2

COMMENT

329

325

338

342

Initiate fresh long positions with a tight stop-loss if the stock of SBI reverses higher from ₹329 levels



₹2746 • TCS

S1

S2

R1

R2

COMMENT

2720

2700

2760

2780

Consider initiating fresh long positions with a stiff stop-loss if the stock advances above ₹2760 levels



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

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