Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:
₹2157 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
2145 | 2130 | 2175 | 2190 | Initiate fresh short positions with a fixed stop-loss if the stock reverses down from ₹2,175 levels |
₹1353 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
1340 | 1325 | 1365 | 1380 | Fresh long positions can be initiated with a stiff stop-loss if the stock rallies above ₹1,365 levels |
₹301 • ITC
S1 | S2 | R1 | R2 | COMMENT |
298 | 295 | 304 | 307 | Near-term stance is bullish for ITC. Consider buying the stock in declines with a tight stop-loss at ₹298 levels |
₹166 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
163 | 160 | 169 | 172 | Make use of intra-day dips to buy the stock of ONGC while maintaining a fixed stop-loss at ₹163 levels |
₹1191 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
1175 | 1160 | 1205 | 1220 | The stock currently tests a key resistance at around ₹1,200. Tread with caution in the near term |
₹295 • SBI
S1 | S2 | R1 | R2 | COMMENT |
290 | 285 | 300 | 306 | Fresh long positions are recommended with a tight stop-loss only if the stock of SBI rallies above ₹300 levels |
₹1975 • TCS
S1 | S2 | R1 | R2 | COMMENT |
1955 | 1940 | 1995 | 2015 | Initiate fresh long positions with a stiff stop-loss if the stock rebounds up from ₹1,955 levels |
11374 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
11320 | 11270 | 11410 | 11450 | Consider initiating fresh long positions with a tight stop-loss if the contract advances above 11,410 levels |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.