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:

₹1911 • HDFC Bank

S1

S2

R1

R2

COMMENT

1895

1880

1925

1940

Consider initiating fresh short positions with a stiff stop-loss only if the stock declines below ₹1,895 levels

 

₹666 • Infosys

S1

S2

R1

R2

COMMENT

655

644

676

686

Fresh long positions are recommended with a tight stop-loss if the stock advances above ₹676 levels

 

₹277 • ITC

S1

S2

R1

R2

COMMENT

274

271

281

284

Fresh short positions can be initiated with a fixed stop-loss if the stock of ITC fails to move beyond ₹281 levels

 

₹154 • ONGC

S1

S2

R1

R2

COMMENT

151

148

158

161

Consider initiating fresh long positions with a tight stop-loss if the stock of ONGC rebounds up from ₹151 levels

 

₹1056 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1047

1030

1070

1085

Make use of intra-day rallies to initiate fresh short positions while maintaining a fixed stop-loss at ₹1,070 levels

 

₹285 • SBI

S1

S2

R1

R2

COMMENT

280

275

290

295

Initiate fresh long positions with a fixed stop-loss if the stock of SBI rebounds up from ₹280 levels

 

₹1934 • TCS

S1

S2

R1

R2

COMMENT

1920

1900

1955

1975

Fresh long positions can be initiated with a stiff stop-loss if the stock of TCS reverses higher from ₹1,920 levels

 

10413 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10350

10300

10450

10500

Initiate fresh long positions with a fixed stop-loss only if the contract rallies above 10,450 levels

 

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

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