Day Trading Guide for November 27

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

₹2049 • HDFC Bank

S1

S2

R1

R2

COMMENT

2020

2000

2070

2100

Uptrend is gaining strength. Go long and also accumulate on dips. Keep the stop-loss at ₹2,005

 

₹621 • Infosys

S1

S2

R1

R2

COMMENT

615

600

630

640

Resistance ahead. Go long with a stop-loss at ₹615 only if Infosys breaks above ₹630.

 

₹285 • ITC

S1

S2

R1

R2

COMMENT

280

273

292

296

Near-term view is positive. Initiate fresh long positions at current levels with a stop-loss at ₹278

 

₹146 • ONGC

S1

S2

R1

R2

COMMENT

145

140

150

153

Hovers above a key support. Go short with a stop-loss at ₹148 only if ONGC breaks below ₹145

 

₹1109 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1095

1070

1120

1140

Initiate fresh long positions only if RIL breaks above ₹1,120. Keep the stop-loss at ₹1,105

 

₹285 • SBI

S1

S2

R1

R2

COMMENT

280

275

290

293

Initiate fresh short positions with a stop-loss at ₹294 if SBI reverses lower from ₹290

 

₹1846 • TCS

S1

S2

R1

R2

COMMENT

1820

1785

1870

1900

Go long if the stock reverses higher from ₹1,820. Stop-loss can be placed at ₹1,805

 

10639 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10600

10585

10660

10700

Resistance ahead. Go long with a stop-loss at 10,640 only if the index futures breaks above 10,660.

 

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

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