Day Trading Guide For November 2

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

10477 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10440

10400

10516

10556

Near-term view is bullish above 10,440 levels. Buy the contract in dips with a tight stop-loss



₹1820 • HDFC Bank

S1

S2

R1

R2

COMMENT

1810

1798

1830

1840

Make use of intra-day dips to buy the stock while retaining a tight stop-loss at ₹1810 levels



₹926 • Infosys

S1

S2

R1

R2

COMMENT

920

910

930

940

Initiate fresh long positions with a fixed stop-loss only if the stock advances above ₹930 levels



₹269 • ITC

S1

S2

R1

R2

COMMENT

267

265

271

274

Fresh long positions are recommended with a stiff stop-loss only if the stock advances above ₹271 levels



₹190 • ONGC

S1

S2

R1

R2

COMMENT

188

185

193

197

Consider buying the stock of ONGC in intra-day declines while maintaining a fixed stop-loss at ₹188 levels



₹952 • Reliance Ind.

S1

S2

R1

R2

COMMENT

940

930

960

970

Make use of intra-day declines to go long in the stock of RIL with a stiff stop-loss placed at ₹940 levels



₹319 • SBI

S1

S2

R1

R2

COMMENT

315

310

324

330

Initiate fresh long positions with a fixed stop-loss if the stock of SBI rebounds up from ₹315 levels



₹2602 • TCS

S1

S2

R1

R2

COMMENT

2580

2560

2620

2640

Fresh short positions can be initiated with a tight stop-loss if the stock declines below ₹2580 levels



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

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