Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:
₹2129 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
2115 | 2100 | 2145 | 2160 | Make use of intra-day rallies to initiate fresh short positions with a stiff stop-loss at ₹2145 levels |
₹1355 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
1340 | 1325 | 1365 | 1380 | Consider initiating fresh long positions with a fixed stop-loss only if the stock rallies beyond ₹1365 levels |
₹299 • ITC
S1 | S2 | R1 | R2 | COMMENT |
297 | 295 | 302 | 305 | Fresh long positions can be initiated with a stiff stop-loss if the stock of ITC rebounds up from ₹297 levels |
₹166 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
163 | 160 | 169 | 172 | The stock witnesses selling pressure at higher levels. Go short on a decline below ₹163 with a tight stop-loss |
₹1168 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
1155 | 1140 | 1185 | 1200 | Fresh short positions can be initiated with a tight stop-loss only if the stock of RIL falls below ₹1155 levels |
₹294 • SBI
S1 | S2 | R1 | R2 | COMMENT |
290 | 285 | 298 | 303 | Fresh short positions are recommended with a fixed stop-loss if the stock declines below ₹290 levels |
₹1950 • TCS
S1 | S2 | R1 | R2 | COMMENT |
1930 | 1910 | 1970 | 1990 | Initiate fresh short positions with a stiff stop-loss if the stock fails to move beyond ₹1970 levels |
11282 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
11235 | 11180 | 11325 | 11375 | Initiate fresh long positions with a tight stop-loss if the contract advances above 11,325 levels |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.