Day trading guide

Day Trading Guide for November 22, 2019

| Updated on November 22, 2019 Published on November 21, 2019

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

₹1283 • HDFC Bank

S1

S2

R1

R2

COMMENT

1268

1255

1295

1310

Make use of intra-day declines to buy the stock while retaining a fixed stop-loss at ₹1,268 levels

 

₹713 • Infosys

S1

S2

R1

R2

COMMENT

705

695

722

732

Fresh long positions can be initiated with a tight stop-loss only if the stock reverses higher from ₹705 levels

 

₹245 • ITC

S1

S2

R1

R2

COMMENT

243

240

249

252

Last session, the stock of ITC breached a key support at ₹250. Make use of intra-day rallies to sell with a fixed stop-loss

 

₹131 • ONGC

S1

S2

R1

R2

COMMENT

128

125

134

137

Initiate fresh short positions with a stiff stop-loss if the stock of ONGC fails to move beyond ₹134 levels

 

₹1537 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1520

1505

1550

1565

Fresh long positions can be initiated with a fixed stop-loss if the stock of RIL rebounds up from ₹1,520 levels

 

₹331 • SBI

S1

S2

R1

R2

COMMENT

324

315

336

343

Consider initiating fresh long positions with a tight stop-loss only if the stock of SBI climbs above ₹336 levels

 

₹2117 • TCS

S1

S2

R1

R2

COMMENT

2090

2060

2140

2160

Fresh long positions are recommended with a stiff stop-loss only if the stock rallies above ₹2,140 levels

 

11974 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11920

11870

12020

12070

Initiate fresh long positions with a tight stop-loss only if the contract moves beyond 12,020 levels

 

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

Published on November 21, 2019
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