Day Trading Guide For November 24

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

10366 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10320

10270

10400

10440

Fresh long positions can be initiated with a fixed stop-loss if the contract manages to rally above 10400 levels



₹1846 • HDFC Bank

S1

S2

R1

R2

COMMENT

1835

1825

1855

1865

Initiate fresh short positions with a stiff stop-loss if the stock reverses down from ₹1855 levels



₹991 • Infosys

S1

S2

R1

R2

COMMENT

980

970

1000

1010

Near-term outlook is bullish for the stock of Infosys. Buy in declines while retaining a fixed stop-loss at ₹980 levels



₹258 • ITC

S1

S2

R1

R2

COMMENT

256

254

260

262

Consider initiating fresh long positions with a stiff stop-loss only if the stock advances above ₹260 levels



₹181 • ONGC

S1

S2

R1

R2

COMMENT

178

175

183

186

Make use of intra-day dips to initiate fresh long positions while maintaining a fixed stop-loss at ₹178 levels



₹945 • Reliance Ind.

S1

S2

R1

R2

COMMENT

935

925

952

960

Near-term outlook remains bullish as long as the stock trades above ₹935. Buy in dips with a tight stop-loss



₹334 • SBI

S1

S2

R1

R2

COMMENT

330

325

340

345

Fresh long positions can be initiated with a fixed stop-loss if the stock of SBI rebounds up from ₹330 levels



₹2682 • TCS

S1

S2

R1

R2

COMMENT

2660

2640

2700

2720

Initiate fresh short positions with a stiff stop-loss only if the stock fails to move beyond ₹2700 levels



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

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