Day Trading Guide For November 9

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

₹1826 • HDFC Bank

S1

S2

R1

R2

COMMENT

1815

1790

1840

1875

Initiate fresh short positions with a stop-loss at ₹1,825 if the stock breaks below ₹1,815



₹952 • Infosys

S1

S2

R1

R2

COMMENT

940

920

960

980

Outlook is bullish. Go long after the stock breaks above ₹960. Keep the stop-loss at ₹945



₹265 • ITC

S1

S2

R1

R2

COMMENT

263

260

268

272

Stuck in a narrow range. Avoid trading this stock until a clear trend and trade signal emerges



₹192 • ONGC

S1

S2

R1

R2

COMMENT

190

185

195

200

Hovers above a support. Go long with a stop-loss at ₹192 if the stock breaks above ₹195



₹888 • Reliance Ind.

S1

S2

R1

R2

COMMENT

882

850

900

920

Initiate fresh short positions only if RIL breaks below ₹882. Keep the stop-loss at ₹905



₹310 • SBI

S1

S2

R1

R2

COMMENT

300

280

319

330

Near-term view is negative. Go short and also accumulate on rallies with a stop-loss at ₹325



₹2722 • TCS

S1

S2

R1

R2

COMMENT

2700

2650

2750

2800

Wait for dips and go long with a stop-loss at ₹2,675 if the stock reverses higher from ₹2,700



10355 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10300

10270

10400

10435

Outlook is negative. Make use of rallies to go short near 10,390. Keep the stop-loss at 10,425



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

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