Day Trading Guide For November-28

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

10418 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10375

10330

10460

10500

Consider initiating fresh long positions with a tight stop-loss if the contract rebounds up from 10375 levels



₹1859 • HDFC Bank

S1

S2

R1

R2

COMMENT

1850

1840

1870

1880

Fresh long positions can be initiated with a fixed stop-loss if the stock reverses higher from ₹1850 levels



₹997 • Infosys

S1

S2

R1

R2

COMMENT

990

980

1010

1020

Fresh long positions are recommended with a stiff stop-loss only if the stock of Infosys moves beyond ₹1010 levels



₹259 • ITC

S1

S2

R1

R2

COMMENT

257

254

261

263

Initiate fresh short positions with a stiff stop-loss only if the stock declines below ₹257 levels



₹183 • ONGC

S1

S2

R1

R2

COMMENT

181

178

186

189

Near-term outlook is bullish for the stock of ONGC. Buy the stock in dips with a fixed stop-loss



₹950 • Reliance Ind.

S1

S2

R1

R2

COMMENT

942

930

956

966

Initiate fresh long positions with a stiff stop-loss only if the stock advances above ₹956 levels



₹335 • SBI

S1

S2

R1

R2

COMMENT

330

325

340

345

Make use of intra-day dips to buy the stock while maintaining a fixed stop-loss at ₹330 levels



₹2687 • TCS

S1

S2

R1

R2

COMMENT

2670

2650

2710

2730

Fresh long positions can be initiated with a tight stop-loss only if the stock moves beyond ₹2710 levels



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

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