Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:
₹2290 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
2275 | 2260 | 2305 | 2320 | The stock is trading range-bound. Go long on a strong rally above ₹2,305 levels with a fixed stop-loss |
₹713 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
707 | 700 | 720 | 727 | Fresh short positions can be initiated with a tight stop-loss if the stock fails to move beyond ₹720 levels |
₹294 • ITC
S1 | S2 | R1 | R2 | COMMENT |
291 | 288 | 296 | 299 | Consider initiating fresh long positions with a stiff stop-loss only if the stock of ITC advances above ₹296 levels |
₹163 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
161 | 158 | 167 | 170 | Initiate fresh short positions with a tight stop-loss only if the stock of ONGC drops below ₹161 levels |
₹1259 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
1245 | 1230 | 1275 | 1290 | Fresh long positions are recommended with a fixed stop-loss only if the stock rallies above ₹1,275 levels |
₹313 • SBI
S1 | S2 | R1 | R2 | COMMENT |
306 | 300 | 320 | 327 | Make use of intra-day dips to buy the stock while maintaining a stiff stop-loss at ₹306 levels |
₹2094 • TCS
S1 | S2 | R1 | R2 | COMMENT |
2075 | 2055 | 2115 | 2135 | Initiate fresh short positions with a fixed stop-loss if the stock reverses down from ₹2,115 levels |
11241 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
11200 | 11150 | 11285 | 11330 | Fresh long positions can be initiated with a tight stop-loss if the contract rebounds up from 11,200 levels |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.