Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:
₹2079 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
2067 | 2055 | 2094 | 2108 | Initiate fresh short positions with a fixed stop-loss if the stock fails to move beyond ₹2,094 levels |
₹1414 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
1400 | 1386 | 1425 | 1437 | Make use of intra-day dips to buy the stock of Infosys while maintaining a stiff stop-loss at ₹1,400 levels |
₹313 • ITC
S1 | S2 | R1 | R2 | COMMENT |
310 | 306 | 316 | 319 | Consider initiating fresh long positions with a tight stop-loss if the stock of ITC moves beyond ₹316 levels |
₹176 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
173 | 170 | 179 | 183 | As long as the stock trades above ₹173 the near-term outlook is positive for the stock of ONGC. Buy in declines |
₹1291 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
1278 | 1265 | 1300 | 1315 | Fresh long positions can be initiated with a tight stop-loss if the stock rebounds up from ₹1,278 levels |
₹308 • SBI
S1 | S2 | R1 | R2 | COMMENT |
303 | 298 | 313 | 319 | Initiate fresh long positions with a tight stop-loss if the stock of SBI rallies above ₹313 levels |
₹2051 • TCS
S1 | S2 | R1 | R2 | COMMENT |
2030 | 2010 | 2070 | 2090 | Fresh long positions can be initiated with a fixed stop-loss if the stock reverses higher from ₹2,030 levels |
11705 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
11650 | 11600 | 11750 | 11800 | Consider initiating fresh long positions with a tight stop-loss if the contract rebounds up from 11,650 levels |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.