Day trading guid

Day Trading Guide for November 6, 2020

| Updated on November 05, 2020 Published on November 06, 2020

₹1269 • HDFC Bank

S1

S2

R1

R2

COMMENT

1255

1240

1285

1300

Consider initiating fresh long positions with a fixed stop-loss only if the stock rallies above ₹1,285 levels

₹1103 • Infosys

S1

S2

R1

R2

COMMENT

1090

1080

1113

1125

Initiate fresh short positions with a stiff stop-loss if the stock of Infosys fails to move beyond ₹1,113 levels

₹174 • ITC

S1

S2

R1

R2

COMMENT

172

169

178

181

The stock tests a key resistance at ₹175 levels. Go long on a strong rally above this level with a fixed stop-loss

₹67 • ONGC

S1

S2

R1

R2

COMMENT

65

63

69

71

Fresh long positions can be initiated with a tight stop-loss if the stock advances above ₹69 levels

₹1955 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1925

1900

1975

1990

Initiate fresh long positions with a stiff stop-loss if the stock of RIL rebounds up from ₹1,925 levels

₹218 • SBI

S1

S2

R1

R2

COMMENT

213

206

225

230

Following a sharp rally recently, the stock of SBI tests a resistance at current levels. Tread with caution

₹2687 • TCS

S1

S2

R1

R2

COMMENT

2660

2630

2710

2740

Fresh long positions are recommended with a fixed stop-loss only if the stock moves beyond ₹2710 levels

12143 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

12090

12030

12200

12260

Fresh long positions can be initiated with a tight stop-loss if the contract reverses higher from 12,090 levels

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

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Published on November 06, 2020
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