Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:
₹2427 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
2415 | 2400 | 2440 | 2455 | Initiate fresh short positions with a stiff stop-loss if the stock fails to move beyond ₹2,440 levels |
₹753 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
745 | 737 | 760 | 766 | The near-term outlook remains positive as long as the stock trades above ₹745 levels. Buy in dips |
₹280 • ITC
S1 | S2 | R1 | R2 | COMMENT |
277 | 274 | 283 | 286 | Fresh long positions are recommended with a stiff stop-loss only if the stock of ITC advances above ₹283 levels |
₹170 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
166 | 163 | 173 | 176 | Make use of intra-day dips to buy the stock of ONGC while maintaining a fixed stop-loss at ₹166 levels |
₹1331 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
1315 | 1300 | 1340 | 1355 | Consider initiating fresh long positions with a stiff stop-loss only if the stock advances above ₹1,340 levels |
₹344 • SBI
S1 | S2 | R1 | R2 | COMMENT |
339 | 333 | 348 | 355 | Fresh short positions are recommended with a tight stop-loss only if the stock falls below ₹339 levels. |
₹2258 • TCS
S1 | S2 | R1 | R2 | COMMENT |
2240 | 2220 | 2280 | 2300 | Consider taking long positions with a fixed stop-loss only if the stock of TCS rallies above ₹2,280 levels |
11917 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
11870 | 11825 | 11965 | 12010 | Initiate fresh long positions with a tight stop-loss if the contract climbs above 11,965 levels |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.