Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:
₹2120 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
2105 | 2090 | 2130 | 2145 | Initiate fresh long positions with a tight stop-loss if the stock reverses higher from ₹2105 levels |
₹644 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
637 | 630 | 650 | 660 | Fresh short positions can be initiated with a fixed stop-loss if the stock falls below ₹637 levels |
₹276 • ITC
S1 | S2 | R1 | R2 | COMMENT |
273 | 270 | 279 | 283 | The stock faces key resistances ahead. Go long with a stiff stop-loss only if the stock advances above ₹279 levels |
₹146 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
143 | 140 | 150 | 153 | Fresh long positions can be initiated with a tight stop-loss if the stock of ONGC rebounds up from ₹143 levels |
₹1096 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
1080 | 1065 | 1110 | 1125 | The stock witnesses buying interest at lower levels. Buy in declines while maintaining a stop-loss at ₹1,080 levels |
₹293 • SBI
S1 | S2 | R1 | R2 | COMMENT |
287 | 282 | 299 | 305 | Consider initiating fresh long positions with a tight stop-loss if the stock of SBI bounces back from ₹287 levels |
₹1889 • TCS
S1 | S2 | R1 | R2 | COMMENT |
1870 | 1850 | 1910 | 1930 | Near-term outlook is bearish for the stock. Selling rallies while retaining a stiff stop-loss at ₹1,910 levels |
10748 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
10700 | 10650 | 10800 | 10850 | Fresh long positions can be initiated with a tight stop-loss if the contract reverses higher from 10,700 levels |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.