Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:
₹1851 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
1840 | 1830 | 1860 | 1870 | Fresh long positions are recommended with a stiff stop-loss only if the stock advances above ₹1860 levels |
₹1156 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
1144 | 1135 | 1165 | 1175 | Make use of intra-day dips to initiate fresh long positions while maintaining a fixed stop-loss at ₹1144 levels |
₹258 • ITC
S1 | S2 | R1 | R2 | COMMENT |
256 | 253 | 261 | 264 | Fresh long positions can be initiated with a tight stop-loss if the stock of ITC reverses higher from ₹256 levels |
₹180 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
178 | 175 | 184 | 187 | Initiate fresh short positions with a stiff stop-loss only if the stock of ONGC declines below ₹178 levels |
₹911 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
900 | 890 | 920 | 930 | Consider initiating fresh long positions with a fixed stop-loss if the stock of RIL reverses higher from ₹900 |
₹256 • SBI
S1 | S2 | R1 | R2 | COMMENT |
250 | 245 | 261 | 267 | Utilise intra-day declines to buy the stock of SBI while retaining a stiff stop-loss at ₹250 levels |
₹3001 • TCS
S1 | S2 | R1 | R2 | COMMENT |
2980 | 2960 | 3020 | 3040 | Fresh short positions can be initiated with a tight stop-loss only if the stock of TCS fails to move beyond ₹3020 levels |
10242 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
10190 | 10150 | 10290 | 10340 | Initiate fresh long positions with a tight stop-loss if the contract rebounds up from 10190 levels |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.
