Day trading guide

Day Trading Guide for November 1, 2019

| Updated on November 01, 2019 Published on November 01, 2019

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

₹1229 • HDFC Bank

S1

S2

R1

R2

COMMENT

1220

1204

1245

1260

Consider initiating fresh short positions with a stiff stop-loss only if the stock falls below ₹1,220 levels

 

₹685 • Infosys

S1

S2

R1

R2

COMMENT

674

665

695

710

Near-term view is bullish for the stock of Infosys. Buy in declines while maintaining a fixed stop-loss at ₹674 levels

 

₹257 • ITC

S1

S2

R1

R2

COMMENT

254

251

260

263

Fresh long positions are recommended with a tight stop-loss only if the stock moves beyond ₹260 levels

 

₹141 • ONGC

S1

S2

R1

R2

COMMENT

137

134

143

146

Initiate fresh long positions with a stiff stop-loss if the stock of ONGC reverses higher from ₹137 levels

 

₹1464 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1450

1435

1477

1490

The stock can witness a corrective decline. Go short with a tight stop-loss on a fall below ₹1,450 levels

 

₹312 • SBI

S1

S2

R1

R2

COMMENT

303

293

320

330

Last session, the stock breached a key resistance backed with good volume. Buy in declines with a fixed stop-loss

 

₹2270 • TCS

S1

S2

R1

R2

COMMENT

2250

2230

2290

2310

Initiate fresh long positions with a stiff stop-loss if the stock reverses higher from ₹2,250 levels

 

11878 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11830

11780

11930

11980

Fresh long positions can be initiated with a tight stop-loss only if the contract moves beyond 11,930 levels

 

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

Published on November 01, 2019
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