Day trading guide

Day Trading Guide For November 21

| Updated on November 20, 2018 Published on November 20, 2018

Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:

₹2015 • HDFC Bank

S1

S2

R1

R2

COMMENT

2002

1990

2025

2040

Initiate fresh short positions with a stiff stop-loss only if the stock falls below ₹2,002 levels

₹641 • Infosys

S1

S2

R1

R2

COMMENT

630

620

650

660

Near-term stance is bearish for the stock of Infosys. Make use of intra-day rallies to sell the stock

₹283 • ITC

S1

S2

R1

R2

COMMENT

280

277

286

289

Fresh long positions can be initiated with a tight stop-loss if the stock of ITC reverses higher from ₹280 levels

₹152 • ONGC

S1

S2

R1

R2

COMMENT

149

146

156

159

Fresh short positions can be initiated with a stiff stop-loss if the stock fails to move beyond ₹156 levels

₹1138 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1125

1110

1150

1165

Initiate fresh long positions with a fixed stop-loss if the stock of RIL reverses higher from ₹1,125 levels

₹283 • SBI

S1

S2

R1

R2

COMMENT

276

270

288

293

Fresh short positions can be initiated with a tight stop-loss if the stock declines below ₹276 levels

₹1877 • TCS

S1

S2

R1

R2

COMMENT

1860

1840

1900

1920

Utilise intra-day rallies to initiate fresh short positions with a stiff stop-loss at ₹1,900 levels

10671 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10620

10570

10720

10775

Consider initiating fresh short positions with a tight stop-loss if the contract falls below 10,620 levels

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

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Published on November 20, 2018
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