Day Trading Guide For November 22

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

₹2019 • HDFC Bank

S1

S2

R1

R2

COMMENT

2007

1995

2030

2040

Fresh long positions can be initiated with a fixed stop-loss if the stock moves beyond ₹2,030 levels

 

₹620 • Infosys

S1

S2

R1

R2

COMMENT

612

602

630

640

Initiate fresh long positions with a tight stop-loss only if the stock of Infosys advances above ₹630 levels

 

₹281 • ITC

S1

S2

R1

R2

COMMENT

278

275

284

287

Consider initiating fresh short positions with a stiff stop-loss if the stock of ITC falls below ₹278 levels

 

₹151 • ONGC

S1

S2

R1

R2

COMMENT

149

146

155

158

Fresh long positions are recommended with a fixed stop-loss only if the stock rallies above ₹155 levels

 

₹1112 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1100

1085

1126

1138

Fresh short positions can be initiated with a tight stop-loss if the stock slips below ₹1,100 levels

 

₹286 • SBI

S1

S2

R1

R2

COMMENT

280

275

293

300

Make use of intra-day dips to buy the stock of SBI while maintaining a fixed stop-loss at ₹280 levels

 

₹1811 • TCS

S1

S2

R1

R2

COMMENT

1790

1770

1830

1850

Near-term stance is bearish for the stock. Go short if the stock fails to move beyond ₹1,830 levels

 

10626 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10570

10520

10670

10720

Fresh short positions can be initiated with a tight stop-loss if the contract falls below 10,570 levels

 

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

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