Day trading guide

Day Trading Guide for November 20, 2020

| Updated on November 19, 2020 Published on November 20, 2020

₹1374 • HDFC Bank

S1

S2

R1

R2

COMMENT

1360

1345

1390

1400

Initiate fresh short positions with a stiff stop-loss if the stock reveres down from ₹1,390 levels

₹1096 • Infosys

S1

S2

R1

R2

COMMENT

1085

1070

1110

1123

Make use of intraday rallies initiate fresh short positions with a tight stop-loss at ₹1,110 levels

₹187 • ITC

S1

S2

R1

R2

COMMENT

184

181

190

193

Fresh long positions are recommended with a fixed stop-loss only if the stock of ITC advances above ₹190

₹72 • ONGC

S1

S2

R1

R2

COMMENT

70

68

74

76

Initiate fresh long positions with a fixed stop-loss if the stock of ONGC rebounds up from ₹70 levels

₹1972 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1950

1930

1990

2010

Make use of intraday rallies to initiate fresh short positions while retaining a stop-loss at ₹1,990 levels

₹239 • SBI

S1

S2

R1

R2

COMMENT

235

230

245

252

The stock is witnessing selling interest at higher levels. Go short with a fixed stop-loss at ₹245 levels

₹2637 • TCS

S1

S2

R1

R2

COMMENT

2620

2600

2660

2680

Consider initiating fresh long positions with a stiff stop-loss only if the stock of TCS rallies above ₹2660 levels

12777 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

12700

12620

12835

12900

Initiate fresh short positions with a tight stop-loss if the contract fails to move beyond 12,835 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 20, 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.