Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:
₹2081 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
2070 | 2055 | 2094 | 2108 | Fresh short positions can be initiated with a fixed stop-loss if the stock reverses down from ₹2,094 levels |
₹1399 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
1386 | 1373 | 1412 | 1425 | Initiate fresh long positions with a stiff stop-loss if the stock rebounds up from ₹1,386 levels |
₹311 • ITC
S1 | S2 | R1 | R2 | COMMENT |
309 | 306 | 314 | 317 | Fresh long positions are recommended with a fixed stop-loss only if the stock if ITC rallies above ₹314 levels |
₹171 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
168 | 165 | 173 | 176 | Near-term stance is positively biased for the stock of ONGC. Buy in dips while maintaining a stop-loss at ₹168 |
₹1269 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
1255 | 1240 | 1280 | 1290 | As long as the stock trades above ₹1,255 the near-term view remains positive for the stock. Buy in dips |
₹302 • SBI
S1 | S2 | R1 | R2 | COMMENT |
298 | 292 | 307 | 312 | Initiate fresh short positions with a tight stop-loss if the stock of SBI declines below ₹298 levels |
₹2035 • TCS
S1 | S2 | R1 | R2 | COMMENT |
2015 | 1990 | 2050 | 2070 | Make use of intra-day declines to buy the stock of TCS while retaining a stiff stop-loss at ₹2,015 levels |
11595 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
11550 | 11500 | 11635 | 11680 | Fresh long positions can be initiated with a tight stop-loss if the contract reverses higher from 11,550 levels |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.