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:

10351 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10300

10250

10390

10440

Fresh long positions can be initiated with a stiff stop-loss if the contract rebounds up from 10,300 levels



₹1846 • HDFC Bank

S1

S2

R1

R2

COMMENT

1835

1825

1855

1865

Near-term outlook is bullish for the stock. Buy in declines while maintaining a fixed stop-loss at ₹1835 levels



₹966 • Infosys

S1

S2

R1

R2

COMMENT

960

950

975

985

Consider initiating fresh long positions with a stiff stop-loss only if the stock advances above ₹975 levels



₹256 • ITC

S1

S2

R1

R2

COMMENT

254

252

259

262

Make use of intra-day rallies to initiate fresh short positions in the stock of ITC with a tight stop-loss at ₹259



₹180 • ONGC

S1

S2

R1

R2

COMMENT

177

174

182

185

Fresh long positions can be initiated with a tight stop-loss if the stock climbs above ₹182 levels



₹932 • Reliance Ind.

S1

S2

R1

R2

COMMENT

924

915

940

950

Initiate fresh long positions with a stiff stop-loss if the stock of RIL reverses higher from ₹924 levels



₹330 • SBI

S1

S2

R1

R2

COMMENT

325

320

335

340

Fresh short positions can be initiated with a fixed stop-loss if the stock fails to move beyond ₹335 levels



₹2676 • TCS

S1

S2

R1

R2

COMMENT

2660

2640

2695

2718

Consider initiating fresh short positions with a tight stop-loss if the stock declines below ₹2660 levels



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

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