Day trading guide

Day Trading Guide for November 13, 2019

| Updated on November 12, 2019 Published on November 13, 2019

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

₹1263 • HDFC Bank

S1

S2

R1

R2

COMMENT

1250

1235

1275

1290

Fresh long positions can be initiated with a fixed stop-loss if the stock advances above ₹1,275 levels

 

₹704 • Infosys

S1

S2

R1

R2

COMMENT

695

685

715

725

Initiate fresh long positions with a stiff stop-loss if the stock of Infosys reverses higher from ₹695 levels

 

₹259 • ITC

S1

S2

R1

R2

COMMENT

256

253

262

265

Consider initiating fresh short positions with a tight stop-loss only if the stock of ITC fails to move beyond ₹262

 

₹139 • ONGC

S1

S2

R1

R2

COMMENT

136

133

142

145

Fresh long positions are recommended with a fixed stop-loss if the stock rallies above ₹142 levels

 

₹1427 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1415

1400

1440

1455

Initiate fresh short positions with a stiff stop-loss if the stock of RIL declines below ₹1,415 levels

 

₹318 • SBI

S1

S2

R1

R2

COMMENT

312

303

325

335

The stock tests a key resistance and moves in a narrow band. Desist trading in the stock for the day

 

₹2099 • TCS

S1

S2

R1

R2

COMMENT

2080

2060

2120

2140

Fresh long positions are recommended with a stiff stop-loss if the stock of TCS climbs above ₹2,120 levels

 

11943 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11900

11850

11990

12040

Consider initiating fresh short positions with a tight stop-loss only if the contract declines below 11,900 levels

 

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

Published on November 13, 2019
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