Day trading guide

Day Trading Guide for November 17, 2021

| Updated on: Nov 17, 2021
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₹1548 • HDFC Bank

1535

1520

1555

1575

Resistance ahead. Go short if the stock reverses lower from 1555. Keep the stop-loss at 1580

₹1791 • Infosys

1775

1750

1805

1835

Near-term outlook is negative. Initiate fresh short positions with a tight stop-loss at 1810.

₹235 • ITC

233

230

238

240

Immediate outlook is bearish. Go short now and on a rise at 237. Stop-loss can be kept at 239

₹158 • ONGC

156

153

160

163

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

₹2497 • Reliance Ind.

2450

2400

2535

2565

Outlook has turned bearish. Initiate fresh short positions with a stop-loss at 2555

₹494 • SBI

492

487

498

502

Coming close to a support. Go short with a stop-loss at 495 only on a break below 492.

₹3548 • TCS

3540

3520

3575

3600

Stuck in a narrow range. Avoid trading this stock until a clear trading signal emerges

17987 • Nifty 50 Futures

17940

17750

18085

18180

Initiate fresh short positions if the contract breaks below 17940. Keep the stop-loss at 18,020

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

Published on November 16, 2021

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