Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:
₹1960 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
1940 | 1920 | 1980 | 2000 | Fresh long positions are recommended with a fixed stop-loss only if the stock rallies above ₹1,980 levels |
₹706 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
698 | 686 | 715 | 728 | Make use of intra-day rallies to sell the stock of Infosys while maintaining a stiff stop-loss at ₹715 levels |
₹287 • ITC
S1 | S2 | R1 | R2 | COMMENT |
285 | 282 | 290 | 293 | Fresh short positions can be initiated with a stiff stop-loss only of the stock falls below ₹285 levels |
₹174 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
170 | 166 | 178 | 181 | Initiate fresh long positions with a tight stop-loss if the stock rebounds up from ₹170 levels |
₹1120 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
1105 | 1085 | 1136 | 1155 | Last session, the stock tumbled 7 per cent with good volume. Near-term view is negative. Sell in rallies |
₹270 • SBI
S1 | S2 | R1 | R2 | COMMENT |
265 | 260 | 276 | 282 | Consider initiating fresh long positions with a fixed stop-loss only if stock of SBI climbs above ₹276 levels |
₹2064 • TCS
S1 | S2 | R1 | R2 | COMMENT |
2040 | 2010 | 2085 | 2105 | Outlook is bearish for the stock of TCS. Sell in intra-day rallies while retaining a stiff stop-loss at ₹2,085 levels |
10631 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
10582 | 10530 | 10685 | 10730 | The contract tests a key support. Go short only if the contract declines below 10,582 with a fixed stop-loss |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.