Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:
₹2147 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
2110 | 2090 | 2150 | 2175 | The stock is gaining momentum. Go long and also accumulate on dips with a stop-loss at ₹2,105 |
₹664 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
662 | 656 | 672 | 680 | Outlook is turning positive. Initiate fresh long position at current levels. Keep the stop-loss at ₹658 |
₹283 • ITC
S1 | S2 | R1 | R2 | COMMENT |
280 | 276 | 285 | 290 | Resistance ahead. Go long only if the stock breaks above ₹285. Stop-loss can be placed at ₹281 |
₹149 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
147 | 145 | 152 | 154 | Resistance caps the upside. Initiate fresh short positions at current levels with a stop-loss at ₹153 |
₹1121 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
1100 | 1065 | 1160 | 1200 | Immediate outlook is unclear. Avoid trading this stock until a clear trade signal emerges |
₹299 • SBI
S1 | S2 | R1 | R2 | COMMENT |
292 | 287 | 309 | 320 | Outlook is bullish. Go long and also accumulate on dips. Stop-loss can be placed at ₹291 |
₹1902 • TCS
S1 | S2 | R1 | R2 | COMMENT |
1880 | 1860 | 1945 | 1975 | Near-term outlook is unclear. Go long with a stop-loss at ₹1,910 only if TCS breaks above ₹1,945 |
10960 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
10940 | 10900 | 11000 | 11045 | Near-term view is positive. Go long and also accumulate on dips. Keep the stop-loss at ₹10,925 |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.