Day trading guide

Day Trading Guide for November 10, 2020

| Updated on November 09, 2020 Published on November 10, 2020

₹1340 • HDFC Bank

S1

S2

R1

R2

COMMENT

1325

1310

1355

1365

Near-term outlook is bullish for the stock. Make use of intraday dips to buy with a stop-loss at ₹1,325 levels

₹1136 • Infosys

S1

S2

R1

R2

COMMENT

1125

1113

1147

1160

Consider initiating fresh long positions with a stiff stop-loss if the stock of Infosys rallies above ₹1,147 levels

₹172 • ITC

S1

S2

R1

R2

COMMENT

169

166

175

178

Initiate fresh long positions with a stiff stop-loss if the stock of ITC moves beyond ₹175 levels

₹68 • ONGC

S1

S2

R1

R2

COMMENT

66

63

69

71

Fresh long positions can be initiated with a tight stop-loss if the stock rebounds up from ₹66 levels

₹2050 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2030

2010

2070

2100

Fresh long positions are recommended with a fixed stop-loss only if the stock advances above ₹2,070 levels

₹219 • SBI

S1

S2

R1

R2

COMMENT

213

206

225

230

The stock of SBI continues to test a key resistance at ₹220. Go long on a strong rally above ₹225 levels

₹2725 • TCS

S1

S2

R1

R2

COMMENT

2700

2670

2750

2775

Make use of intraday declines to buy the stock of TCS while maintaining a stop-loss at ₹2,700 levels

12467 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

12400

12330

12520

12580

Consider initiating fresh long positions with a tight stop-loss if the contract rebounds up from 12,400 levels

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

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on November 10, 2020
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.