Day Trading Guide For November 30

 

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

₹2130 • HDFC Bank

S1

S2

R1

R2

COMMENT

2110

2090

2145

2160

Outlook is bullish for the stock. Utilise intra-day declines to buy the stock while retaining a stop-loss at ₹2,110 levels

 

₹659 • Infosys

S1

S2

R1

R2

COMMENT

650

640

670

680

Fresh long positions can be initiated with a fixed stop-loss if the stock rebounds up from ₹650 levels

 

₹287 • ITC

S1

S2

R1

R2

COMMENT

284

281

290

293

Initiate fresh long positions with a stiff stop-loss only if the stock of ITC moves beyond ₹290 levels

 

₹140 • ONGC

S1

S2

R1

R2

COMMENT

137

134

143

146

Fresh long positions are recommended with a tight stop-loss only if the stock of ONGC advances above ₹143 levels

 

₹1170 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1155

1140

1185

1200

Near-term stance is positive for the stock of RIL. Buy in declines while maintaining a stop-loss at ₹1,155 levels

 

₹286 • SBI

S1

S2

R1

R2

COMMENT

280

275

290

295

Consider initiating fresh long positions with a stiff stop-loss only if the stock of SBI moves beyond ₹290 levels

 

₹1959 • TCS

S1

S2

R1

R2

COMMENT

1940

1920

1980

2000

Fresh long positions can be initiated with a stiff stop-loss if the stock reverses higher from ₹1,940 levels

 

10855 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10800

10750

10900

10950

Initiate fresh long positions with a tight stop-loss if the contract rebounds up from 10,800 levels

 

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

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