Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:
₹2000 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
1985 | 1960 | 2010 | 2035 | Outlook is bearish. Go short and also accumulate on rallies. Stop-loss can be placed at ₹2025 |
₹734 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
720 | 700 | 750 | 765 | Initiate fresh long positions with a stop-loss at ₹735 only if Infosys breaks decisively above ₹750 |
₹297 • ITC
S1 | S2 | R1 | R2 | COMMENT |
295 | 290 | 300 | 305 | Downmove is gaining momentum. Initiate fresh short positions with a stop-loss at ₹303 |
₹168 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
165 | 162 | 170 | 173 | Downtrend is intact. Go short and also accumulate on rallies. Keep the stop-loss at ₹172 |
₹1238 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
1230 | 1200 | 1250 | 1285 | Hovers above a support. Go short with a stop-loss at ₹1245 if RIL declines below ₹1230 |
₹282 • SBI
S1 | S2 | R1 | R2 | COMMENT |
273 | 260 | 291 | 300 | Near-term view is negative. Initiate fresh short positions with a stop-loss at ₹295 |
₹2045 • TCS
S1 | S2 | R1 | R2 | COMMENT |
2020 | 2000 | 2065 | 2095 | Outlook is negative. Initiate fresh short positions at current levels. Keep the stop-loss at ₹2075 |
11336 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
11280 | 11230 | 11370 | 11400 | Outlook is bearish. Go short and also accumulate on rallies. Stop-loss can be placed at 11,385 |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.