Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:
₹2036 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
2020 | 2005 | 2050 | 2065 | Initiate fresh long positions with a fixed stop-loss if the stock reverses higher from around ₹2,020 |
₹744 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
735 | 725 | 755 | 765 | Make use of intra-day dips to initiate fresh long positions while maintaining a stiff stop-loss at ₹735 levels |
₹296 • ITC
S1 | S2 | R1 | R2 | COMMENT |
293 | 290 | 300 | 303 | Fresh long positions are recommended with a fixed stop-loss only if the stock of ITC rallies above ₹300 |
₹179 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
176 | 173 | 182 | 185 | Initiate fresh long positions with a tight stop-loss only if the stock of ONGC rebounds up from ₹176 levels |
₹1231 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
1216 | 1204 | 1245 | 1260 | Fresh short positions can be initiate with a stiff stop-loss only if the stock declines below ₹1,216 |
₹273 • SBI
S1 | S2 | R1 | R2 | COMMENT |
268 | 262 | 278 | 284 | Make use of intra-day declines to buy the stock of SBI while retaining a fixed stop-loss at ₹268 |
₹2255 • TCS
S1 | S2 | R1 | R2 | COMMENT |
2234 | 2210 | 2275 | 2295 | Near-term outlook is bullish for the stock of TCS. Buy in dips with a stiff stop-loss at ₹2,234 |
11061 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
11015 | 10965 | 11110 | 11160 | Fresh long positions can be initiated with a tight stop-loss if the contract reverses higher from around 11,015 |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.