Day Trading Guide for November 28

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

₹2059 • HDFC Bank

S1

S2

R1

R2

COMMENT

2050

2020

2070

2100

Uptrend is intact. Go long and also accumulate on dips. Keep the stop-loss at ₹2,010

 

₹637 • Infosys

S1

S2

R1

R2

COMMENT

628

610

650

670

Near-term outlook is positive. Initiate fresh long positions with a stop-loss at ₹615

 

₹284 • ITC

S1

S2

R1

R2

COMMENT

280

276

287

292

Resistance ahead. Go long only if ITC breaks above ₹287. Stop-loss can be placed at ₹284

 

₹146 • ONGC

S1

S2

R1

R2

COMMENT

145

140

151

155

Initiate fresh short positions with a stop-loss at ₹148 only if ONGC declines below ₹145.

 

₹1127 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1095

1065

1150

1185

Bouncing from a key support. Initiate fresh long positions with a stop-loss at ₹1,085

 

₹289 • SBI

S1

S2

R1

R2

COMMENT

284

280

293

300

Initiate fresh long positions with a stop-loss at ₹288 only if SBI breaks above ₹293

 

₹1888 • TCS

S1

S2

R1

R2

COMMENT

1865

1820

1905

1940

Hovers below a resistance. Go long if TCS breaks above ₹1,905. Keep the stop-loss at ₹1,885

 

10688 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10640

10590

10700

10735

Upmove has gained strength. Go long and also accumulate on dips with a stop-loss at 10,625

 

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

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