Day trading guide

Day Trading Guide for November 24, 2021

| Updated on November 23, 2021

₹1517 • HDFC Bank

S1

S2

R1

R2

COMMENT

1500

1470

1525

1555

Resistance ahead. Initiate fresh short positions at current levels with a tight stop-loss at 1530

₹1728 • Infosys

S1

S2

R1

R2

COMMENT

1710

1690

1750

1785

Outlook is bearish. Wait for a rise to go short at 1940. Stop-loss can be placed at 1765

₹232 • ITC

S1

S2

R1

R2

COMMENT

229

225

235

241

Initiate fresh short positions with a stop-loss at 231 only if the stock breaks below 229

₹147 • ONGC

S1

S2

R1

R2

COMMENT

143

140

148

152

Go short if the stock reverses lower from the resistance at 148. Keep the stop-loss at 151

₹2390 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2355

2325

2400

2450

Initiate fresh long positions only if RIL breaks above 2400. Stop-loss can be placed at 2375

₹493 • SBI

S1

S2

R1

R2

COMMENT

489

480

498

507

Overall trend is down. Wait for a rise and go short at 497. Keep the stop-loss at 502

₹3472 • TCS

S1

S2

R1

R2

COMMENT

3450

3400

3500

3535

Initiate fresh short positions with a stop-loss at 3465 only if the stock breaks below 3450.

17490 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

17400

17250

17680

17830

On a corrective rally. Wait for a rise to go short at 17630. Keep the stop-loss at 17760

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

Published on November 24, 2021

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