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.

Read the rest of this article by Signing up for Portfolio.It's completely free!

What You'll Get





MORE FROM BUSINESSLINE


 Getting recommendations just for you...
This article is closed for comments.
Please Email the Editor