Day Trading Guide for November 29

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


₹2084 • HDFC Bank

S1

S2

R1

R2

COMMENT

2070

2055

2097

2115

Near-term view is bullish for the stock. Make use of intra-day dips to buy it with a stop-loss at ₹2,070 levels

 

₹666 • Infosys

S1

S2

R1

R2

COMMENT

655

645

676

686

Consider initiating fresh long positions with a fixed stop-loss if the stock moves beyond ₹676 levels

 

₹282 • ITC

S1

S2

R1

R2

COMMENT

280

277

284

287

Fresh short positions are recommended with a tight stop-loss only if the stock of ITC falls below ₹280 levels

 

₹142 • ONGC

S1

S2

R1

R2

COMMENT

140

137

146

149

Make use of intra-day rallies to initiate fresh short positions while maintaining a fixed stop-loss at ₹146 levels

 

₹1146 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1132

1120

1158

1170

Initiate fresh long positions with a stiff stop-loss if the stock of RIL reveres higher from ₹1,132 levels

 

₹284 • SBI

S1

S2

R1

R2

COMMENT

280

275

289

295

Fresh short positions can be initiated with a fixed stop-loss if the stock fails to advance above ₹289 levels

 

₹1976 • TCS

S1

S2

R1

R2

COMMENT

1955

1935

1995

2020

Initiate fresh long positions with a tight stop-loss if the stock of TCS rebounds up from ₹1,955 levels

 

10717 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10670

10620

10770

10820

Fresh long positions can be initiated with a tight stop-loss if the contract reverses higher from 10,670 levels

 

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

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