Day Trading Guide For November 20

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

₹2014 • HDFC Bank

S1

S2

R1

R2

COMMENT

2002

1990

2025

2040

Consider initiating fresh long positions with a fixed stop-loss if the stock moves beyond ₹2,025 levels

 

₹651 • Infosys

S1

S2

R1

R2

COMMENT

642

630

660

670

Initiate fresh short positions with a tight stop-loss if the stock fails to rally above ₹660

 

₹283 • ITC

S1

S2

R1

R2

COMMENT

280

277

286

289

Near-term outlook is bullish for the stock of ITC. Buy in dips with a fixed stop-loss at ₹280

 

₹154 • ONGC

S1

S2

R1

R2

COMMENT

151

148

157

160

Fresh short positions are recommended with a stiff stop-loss if the stock of ONGC falls below ₹151

 

₹1149 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1135

1120

1165

1180

The stock is experiencing buying interest at lower levels. Buy the stock in dips with a stop-loss at ₹1,135

 

₹288 • SBI

S1

S2

R1

R2

COMMENT

282

276

295

302

Initiate fresh long positions with a fixed stop-loss if the stock of SBI rebounds up from ₹282 levels

 

₹1902 • TCS

S1

S2

R1

R2

COMMENT

1880

1860

1920

1940

Fresh long positions can be initiated with a stiff stop-loss if the stock of TCS reverses higher from ₹1,880 levels

 

10768 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10725

10675

10820

10870

Initiate fresh long positions with a tight stop-loss if the contract reverses higher from 10,725 levels

 

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

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