Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:
₹2285 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
2270 | 2255 | 2300 | 2315 | Fresh short positions are recommended with a stiff stop-loss only if the stock declines below ₹2,270 levels |
₹795 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
786 | 780 | 802 | 810 | Initiate fresh long positions with a fixed stop-loss if the stock of Infosys advances above ₹802 levels |
₹268 • ITC
S1 | S2 | R1 | R2 | COMMENT |
265 | 262 | 271 | 274 | Make use of intra-day rallies to initiate fresh short positions while retaining a stiff stop-loss at ₹271 levels |
₹143 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
141 | 138 | 147 | 150 | Utilise intra-day declines to buy the stock of ONGC while maintaining a tight stop-loss at ₹141 levels |
₹1232 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
1215 | 1200 | 1246 | 1260 | Initiate fresh short positions with a fixed stop-loss only if the stock of RIL fails to move beyond ₹1,246 levels |
₹341 • SBI
S1 | S2 | R1 | R2 | COMMENT |
335 | 328 | 347 | 355 | Consider initiating fresh short positions with a stiff stop-loss if the stock of SBI reverses down from ₹347 levels |
₹2128 • TCS
S1 | S2 | R1 | R2 | COMMENT |
2110 | 2090 | 2150 | 2170 | Fresh long positions can be initiated with a stiff stop-loss if the stock rebounds up from ₹2,110 levels |
11247 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
11200 | 11150 | 11315 | 11380 | Consider initiating fresh long positions with a tight stop-loss if the contract manages to rally above 11,315 levels |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.