Day Trading Guide for November 17, 2022

BL Research Bureau Updated - November 17, 2022 at 06:03 AM.

Day Trading Guide gives you the key intraday supports and resistances to watch out for on the Nifty Futures and other widely traded stocks such as Reliance Industries, Infosys, HDFC Bank, TCS, SBI. Based on the trend, it also gives intraday trade recommendations with specific entry as well as stop-loss levels. The mentioned resistances and supports will be the exit levels. Do note that the recommendations are based on Technical Analysis and there is a risk of loss in trading.

₹1632 • HDFC Bank

S1	S2	R1	R2	COMMENT
1620	1600	1650	1700	Buy on a dip to 1620; stop-loss at 1600.

₹1602 • Infosys

S1	S2	R1	R2	COMMENT
1588	1575	1625	1650	Buy above 1610; stop-loss at 1590.

₹344 • ITC

S1	S2	R1	R2	COMMENT
340	335	350	360	Go long with stop-loss at 340.

₹143 • ONGC

S1	S2	R1	R2	COMMENT
141	140	143	145	Buy on a break of 143; stop-loss at 140.

₹2593 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2570	2515	2630	2665	Trend unclear; refrain from trading.

₹600 • SBI

S1	S2	R1	R2	COMMENT
592	582	604	620	Go long above 604; stop-loss at 595.

₹3354 • TCS

S1	S2	R1	R2	COMMENT
3335	3300	3370	3430	Buy above 3370; stop-loss at 3335.

18446 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
18400	18350	18500	18600	Buy on the breakout of 18500; stop-loss at 18425.

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

Published on November 17, 2022 00:33