Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:
₹2279 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
2263 | 2250 | 2297 | 2312 | Initiate fresh long positions with a stiff stop-loss only if the stock moves above ₹2,297 levels |
₹786 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
780 | 772 | 795 | 805 | Consider initiating fresh short positions with a tight stop-loss only if the stock falls below ₹780 levels |
₹270 • ITC
S1 | S2 | R1 | R2 | COMMENT |
267 | 264 | 273 | 276 | Fresh long positions are recommended with a stiff stop-loss if the stock of ITC rallies above ₹273 levels |
₹143 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
141 | 138 | 147 | 150 | Initiate fresh long positions with a fixed stop-loss if the stock of ONGC reverses higher from ₹141 levels |
₹1258 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
1245 | 1230 | 1274 | 1290 | The stock continues to trade in a narrow range. Traders should desist trading in the stock for the session |
₹339 • SBI
S1 | S2 | R1 | R2 | COMMENT |
333 | 326 | 345 | 353 | Near-term stance is bearish for the stock of SBI. Sell in rallies while maintaining a fixed stop-loss at ₹345 levels |
₹2096 • 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 |
11277 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
11226 | 11075 | 11333 | 11375 | Fresh long positions can be initiated with a tight stop-loss if the contract rebounds up from 11,226 levels |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.