Day trading guide

Day Trading Guide For November 26, 2019

| Updated on November 25, 2019 Published on November 26, 2019

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

₹1271 • HDFC Bank

S1

S2

R1

R2

COMMENT

1264

1255

1295

1310

The stock has been moving in a range recently and so go long when the stock falls to ₹1264 with tight stop-loss.

 

₹698 • Infosys

S1

S2

R1

R2

COMMENT

690

680

722

732

Infosys is trading with bearish bias though it is trading sideways. Short only below ₹690 with stop-loss at ₹700

 

₹247 • ITC

S1

S2

R1

R2

COMMENT

243

240

249

252

The short-term trend is negative and so initiate fresh short positions on rallies with stop-loss at ₹252

 

₹131 • ONGC

S1

S2

R1

R2

COMMENT

128

125

134

137

Initiate fresh short positions in ONGC with a fixed stop-loss at ₹135 as downward momentum looks strong

 

₹1561 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1550

1530

1570

1600

Fresh long positions can be initiated with a fixed stop-loss if the stock of RIL breaks out of ₹1,570 levels

 

₹336 • SBI

S1

S2

R1

R2

COMMENT

332

323

343

353

Consider initiating fresh long positions on declines with a stop-loss at ₹330 as SBI has breached a resistance

 

₹2081 • TCS

S1

S2

R1

R2

COMMENT

2060

2040

2100

2125

Short-term trend is bearish but initiate fresh short positions only if the stock breaks below the support at ₹2060

 

12096 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

12050

12000

12126

12165

As the contract has broken out of the key resistance, initiate fresh long positions with tight stop-loss at 12,050

 

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

Published on November 26, 2019
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