Day trading guide

Day Trading Guide For November 3

| Updated on March 09, 2018 Published on November 02, 2017

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

10455 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10400

10350

10480

10530

Fresh short positions can be initiated with a tight stop-loss only if the contract declines below 10400 levels



₹1822 • HDFC Bank

S1

S2

R1

R2

COMMENT

1810

1798

1830

1840

Fresh long positions are recommended with a tight stop-loss only if the stock moves beyond ₹1830 levels



₹922 • Infosys

S1

S2

R1

R2

COMMENT

915

905

930

940

Consider initiating fresh short positions with a stiff stop-loss if the stock declines below ₹915 levels



₹265 • ITC

S1

S2

R1

R2

COMMENT

263

260

267

269

Initiate fresh short positions with a fixed stop-loss if the stock of ITC reverses down from ₹267 levels



₹188 • ONGC

S1

S2

R1

R2

COMMENT

185

182

190

193

Fresh short positions can be initiated with a tight stop-loss if the stock falls below ₹185 levels



₹947 • Reliance Ind.

S1

S2

R1

R2

COMMENT

940

930

956

965

Consider initiating fresh short positions with a fixed stop-loss if the stock plunges below ₹940 levels



₹314 • SBI

S1

S2

R1

R2

COMMENT

310

305

319

324

Fresh long positions are recommended with a stiff stop-loss only if the stock rallies above ₹319 levels



₹2625 • TCS

S1

S2

R1

R2

COMMENT

2600

2580

2640

2660

Make use of intra-day dips to buy the stock while maintaining a fixed stop-loss at ₹2600 levels



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

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