Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:
₹1876 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
1865 | 1850 | 1890 | 1905 | Consider initiating fresh long positions with a stiff stop-loss if the stock advances above ₹1890 levels |
₹1103 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
1090 | 1075 | 1115 | 1125 | Fresh short positions are recommended with a fixed stop-loss only if the stock of Infosys falls below ₹1090 levels |
₹269 • ITC
S1 | S2 | R1 | R2 | COMMENT |
267 | 264 | 272 | 275 | Initiate fresh long position with a tight stop-loss only if the stock reverses higher from ₹267 levels |
₹190 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
188 | 185 | 194 | 197 | Make use of intra-day rallies to initiate fresh short positions while maintaining a fixed stop-loss at ₹194 levels |
₹914 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
903 | 890 | 925 | 935 | Buying interest is seen at lower levels. Utilise dips to buy the stock while retaining a stiff stop-loss at ₹903 levels |
₹288 • SBI
S1 | S2 | R1 | R2 | COMMENT |
283 | 275 | 294 | 300 | Consider initiating fresh short positions with a tight stop-loss if the stock fails to move beyond ₹294 levels |
₹2967 • TCS
S1 | S2 | R1 | R2 | COMMENT |
2950 | 2930 | 2990 | 3020 | Initiate fresh short position with a stiff stop-loss if the stock of TCS reverses down from ₹2990 levels |
10543 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
10490 | 10440 | 10590 | 10650 | Make use of intra-day declines to initiate fresh long positions with a tight stop-loss placed at 10490 levels |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.