Day Trading Guide For November 21

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

10320 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10280

10230

10370

10410

Initiate fresh long positions with a tight stop-loss if the contract advances above 10370 levels



₹1836 • HDFC Bank

S1

S2

R1

R2

COMMENT

1825

1815

1845

1855

Make use of intra-day declines to initiate fresh long positions in the stock with a stiff stop-loss at ₹1825 levels



₹961 • Infosys

S1

S2

R1

R2

COMMENT

950

940

970

980

Fresh short positions are recommended with a fixed stop-loss only if the stock declines below ₹950 levels



₹259 • ITC

S1

S2

R1

R2

COMMENT

257

254

262

265

Initiate fresh long positions with a stiff stop-loss if the stock of ITC rebounds up from ₹257 levels



₹180 • ONGC

S1

S2

R1

R2

COMMENT

177

174

182

185

Consider initiating fresh long positions with a stiff stop-loss if the stock reverses higher from ₹177 levels



₹918 • Reliance Ind.

S1

S2

R1

R2

COMMENT

910

900

930

940

Utilise intra-day declines to initiate long positions while maintaining a fixed stop-loss at ₹910 levels



₹333 • SBI

S1

S2

R1

R2

COMMENT

329

325

338

342

Initiate fresh short positions with a tight stop-loss if the stock of fails to move beyond ₹338 levels



₹2704 • TCS

S1

S2

R1

R2

COMMENT

2680

2660

2720

2740

Fresh short positions can be initiated with a stiff stop-loss if the stock reverses down from ₹2720 levels



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

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