Day trading guide

Day Trading Guide For November 19, 2020

| Updated on November 18, 2020 Published on November 19, 2020

₹1408 • HDFC Bank

S1

S2

R1

R2

COMMENT

1395

1380

1420

1435

Consider initiating fresh long positions with a stiff stop-loss only if the stock moves beyond ₹1,420 levels

₹1110 • Infosys

S1

S2

R1

R2

COMMENT

1100

1083

1123

1133

Initiate fresh short positions with a tight stop-loss if the stock of Infosys reverses down from ₹1,123 levels

₹184 • ITC

S1

S2

R1

R2

COMMENT

181

178

187

190

Make use of intraday rallies initiate fresh short positions while retaining a fixed stop-loss at ₹187 levels

₹71 • ONGC

S1

S2

R1

R2

COMMENT

69

67

73

75

Fresh long positions are recommended with a tight stop-loss only if the stock of ONGC rallies above ₹73 levels

₹1987 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1970

1950

2000

2020

Initiate fresh short positions with a stiff stop-loss only if the stock of RIL drops below ₹1,970 levels

₹252 • SBI

S1

S2

R1

R2

COMMENT

245

240

258

263

As long as the stock of SBI trades above ₹245, the near-term outlook stays positive. Buy in declines

₹2625 • TCS

S1

S2

R1

R2

COMMENT

2600

2570

2650

2675

Fresh short positions can be initiated with a stiff stop-loss if the stock of falls below ₹2,600 levels

12957 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

12900

12835

13000

13050

Make use of intraday declines to initiate fresh long positions while maintaining a stop-loss at 12,900 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 19, 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.