Day Trading Guide for November, 18, 2022

BL Research Bureau Updated - November 18, 2022 at 06:03 AM.

Day Trading Guide gives you the key intraday supports and resistances to watch out for on the Nifty Futures and other widely traded stocks such as Reliance Industries, Infosys, HDFC Bank, TCS, SBI. Based on the trend, it also gives intraday trade recommendations with specific entry as well as stop-loss levels. The mentioned resistances and supports will be the exit levels. Do note that the recommendations are based on Technical Analysis and there is a risk of loss in trading.

₹1617 • HDFC Bank

S1	S2	R1	R2	COMMENT
1610	1595	1630	1650	Go short on a break below 1610 with a stoploss at 1620

₹1586 • Infosys

S1	S2	R1	R2	COMMENT
1570	1560	1600	1610	Go short now and at 1595. Keep the stop-loss at 1605

₹343 • ITC

S1	S2	R1	R2	COMMENT
341	338	347	350	Take shorts now and at 346 with a stop-loss at 348

₹143 • ONGC

S1	S2	R1	R2	COMMENT
141	139	144	146	Go long on a break above 144. Keep the stop-loss at 142

₹2601 • Reliance Ind.

S1	S2	R1	R2	COMMENT
2585	2560	2615	2640	Go long on a break above 2615 with a stop-loss at 2595

₹599 • SBI

S1	S2	R1	R2	COMMENT
596	590	604	610	Go short on a break below 596. Keep the stop-loss at 598

₹3351 • TCS

S1	S2	R1	R2	COMMENT
3320	3290	3360	3400	Take longs with a stop-loss at 3340 only on a break above 3360.

18357 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
18330	18230	18385	18480	Go short only on a break below 18330 with a stop-loss at 18370

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

Published on November 18, 2022 00:33