Day trading guide

Day Trading Guide For November-30

Yoganand D BL Research Bureau | Updated on January 09, 2018 Published on November 29, 2017

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

10360 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10320

10260

10410

10450

Consider initiating fresh short positions with a tight stop-loss if the contract declines below 10,320 levels



₹1870 • HDFC Bank

S1

S2

R1

R2

COMMENT

1860

1850

1880

1890

Fresh long positions can be initiated with a stiff stop-loss if the stock rebounds up from ₹1,860 levels



₹983 • Infosys

S1

S2

R1

R2

COMMENT

975

965

995

1005

Initiate fresh short position with a fixed stop-loss if the stock falls below ₹975 levels



₹258 • ITC

S1

S2

R1

R2

COMMENT

256

254

260

262

Consider initiating fresh long positions with a stiff stop-loss only if the stock of ITC moves beyond ₹260 levels



₹182 • ONGC

S1

S2

R1

R2

COMMENT

180

178

184

187

Make use of intra-day dips to buy the stock while maintaining a tight stop-loss at ₹180 levels



₹945 • Reliance Ind.

S1

S2

R1

R2

COMMENT

935

925

952

960

Fresh long positions are recommended with a fixed stop-loss only if the stock of RIL climbs above ₹252 levels



₹328 • SBI

S1

S2

R1

R2

COMMENT

324

320

332

337

Use intra-day rallies to initiate fresh short positions while retaining a fixed stop-loss at ₹332 levels



₹2658 • TCS

S1

S2

R1

R2

COMMENT

2640

2520

2680

2700

The stock witnesses selling pressure at higher level. Go short with a stiff stop-loss at ₹2680 levels



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

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