Day trading guide

Day Trading Guide For November-29

Yoganand D BL Research Bureau | Updated on March 09, 2018 Published on November 28, 2017

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

10377 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10330

10280

10420

10460

Fresh short positions can be initiated with a tight stop-loss if the contract reverses down from 10,420 levels



₹1862 • HDFC Bank

S1

S2

R1

R2

COMMENT

1850

1840

1870

1880

Consider initiating fresh long positions with a stiff stop-loss only if the stock moves beyond ₹1,870 levels



₹984 • Infosys

S1

S2

R1

R2

COMMENT

975

965

995

1005

Make use of intra-day rallies to sell the stock while maintaining a fixed stop-loss at ₹995 levels



₹256 • ITC

S1

S2

R1

R2

COMMENT

255

253

259

261

Fresh short positions can be initiated with a stiff stop-loss if the stock of ITC reverses down from ₹259 levels



₹181 • ONGC

S1

S2

R1

R2

COMMENT

178

175

183

186

Initiate fresh long positions with a tight stop-loss if the stock of ONGC climbs beyond ₹183 levels



₹942 • Reliance Ind.

S1

S2

R1

R2

COMMENT

930

920

950

956

Fresh short positions can be initiated with a fixed stop-loss if the stock fails to rally above ₹950 levels



₹332 • SBI

S1

S2

R1

R2

COMMENT

328

324

337

342

Consider initiating fresh short positions with a tight stop-loss only if the stock declines below ₹328 levels



₹2684 • TCS

S1

S2

R1

R2

COMMENT

2670

2650

2710

2730

Initiate fresh long positions with a stiff stop-loss only if the stock advances above ₹2710 levels



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

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