Day trading guide

Day Trading Guide for November 26, 2021

| Updated on November 25, 2021

₹1523 • HDFC Bank

S1

S2

R1

R2

COMMENT

1515

1500

1538

1555

Initiate fresh long positions only if the stock breaks above 1538. Keep the stop-loss 1522

₹1723 • Infosys

S1

S2

R1

R2

COMMENT

1710

1685

1745

1760

Room for further rise before a reversal could be seen. Go long with a stop-loss at 1705

₹232 • ITC

S1

S2

R1

R2

COMMENT

230

226

233

235

Resistance ahead. Go long only on a break above 233. Stop-loss can be placed at 229

₹155 • ONGC

S1

S2

R1

R2

COMMENT

153

150

156

159

Near-term outlook is positive. Go long on a break above 156. Keep the stop-loss at 152

₹2501 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2450

2410

2528

2560

Resistance ahead. Go short with a stop-loss at 2540 if the stock reverses lower from 2528

₹492 • SBI

S1

S2

R1

R2

COMMENT

489

485

496

500

Initiate fresh short positions with a stop-loss at 491 only if SBI breaks below 489.

₹3450 • TCS

S1

S2

R1

R2

COMMENT

3425

3400

3475

3500

Immediate outlook is mixed. Go short with a stop-loss at 3445 if the stock breaks below 3425

17534 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

17450

17330

17640

17720

Wait for a rise and go short with a stop-loss at 17760 if the contract reverses lower from 17640.

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

Published on November 26, 2021

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