Day Trading Guide For November 23

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

10357 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10300

10250

10390

10440

Consider initiating fresh long positions with a tight stop-loss only if the contract advances above 10390 levels



₹1854 • HDFC Bank

S1

S2

R1

R2

COMMENT

1845

1835

1865

1875

Fresh short positions can be initiated with a fixed stop-loss if the stock declines below ₹1845 levels



₹966 • Infosys

S1

S2

R1

R2

COMMENT

960

950

975

985

Initiate fresh long positions with a stiff stop-loss only if the stock of Infosys rallies beyond ₹975 levels



₹258 • ITC

S1

S2

R1

R2

COMMENT

256

254

260

262

Fresh long positions are recommended with a fixed stop-loss only if the stock climbs above ₹260 levels



₹180 • ONGC

S1

S2

R1

R2

COMMENT

177

174

183

186

Initiate fresh short positions with a stiff stop-loss if the stock fails to move beyond ₹183 once again



₹930 • Reliance Ind.

S1

S2

R1

R2

COMMENT

924

915

940

950

Fresh short positions can be initiated with a tight stop-loss if the stock falls below ₹924 levels



₹335 • SBI

S1

S2

R1

R2

COMMENT

330

325

340

345

Initiate fresh long positions with a fixed stop-loss only if the stock of SBI moves beyond ₹340 levels



₹2683 • TCS

S1

S2

R1

R2

COMMENT

2660

2640

2700

2720

Make use of intra-day rallies to initiate fresh short positions while maintaining a stiff stop-loss at ₹2700 levels



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

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