Day trading guide

Day Trading Guide for November 16, 2021

| Updated on: Nov 16, 2021

₹1555 • HDFC Bank

1535

1500

1575

1600

Initiate fresh long positions with a stop-loss at 1520 if the stock reverses higher from 1535

 

₹1785 • Infosys

1780

1760

1800

1820

Hovers above a support. Go short if the stock breaks below 1780. Keep the stop-loss at 1795

 

₹238 • ITC

236

233

241

246

Outlook is bullish. Go long now and accumulate on dips at 235. Stop-loss can be placed at 232

 

₹158 • ONGC

156

153

162

166

Wait for dips and go long if the stock reverses higher from 156. Keep the stop-loss at 154

 

₹2575 • Reliance Ind.

2560

2535

2600

2635

Initiate fresh long positions with a stop-loss at 2580 only if the stock breaks above 2600.

 

₹507 • SBI

505

500

512

517

Outlook is bearish. Go short on a break below 505. Stop-loss can be placed at 508

 

₹3550 • TCS

3535

3510

3570

3610

Consolidating above a key support. Go long on dips at 3540. Keep the stop-loss at 3520.

 

18131 • Nifty 50 Futures

18000

17930

18175

18250

Initiate fresh long positions with a stop-loss at 17,920 if the contract bounces back from 18000.

 

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

Published on November 15, 2021

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