Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:
₹1249 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
1237 | 1225 | 1260 | 1275 | Initiate fresh long positions with a tight stop-loss if the stock moves above ₹1,260 levels |
₹781 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
774 | 767 | 786 | 794 | Make use of intra-day dips to buy the stock while retaining a stiff stop-loss at ₹774 levels |
₹213 • ITC
S1 | S2 | R1 | R2 | COMMENT |
210 | 207 | 217 | 220 | Consider initiating fresh long positions with a fixed stop-loss only if the stock of ITC rallies above ₹217 levels |
₹106 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
103 | 100 | 110 | 114 | The stock of ONGC trades in a narrow range without any bias. Desist trading in it for the session |
₹1470 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
1455 | 1440 | 1485 | 1500 | As long as the stock of RIL trades above ₹1,455 the near-term stance remains positive. Buy in dips |
₹320 • SBI
S1 | S2 | R1 | R2 | COMMENT |
315 | 308 | 327 | 333 | Make use of intra-day rallies to initiate fresh short positions on the stock with a stop-loss at ₹327 levels |
₹2170 • TCS
S1 | S2 | R1 | R2 | COMMENT |
2150 | 2130 | 2195 | 2220 | Fresh long positions can be initiated with a stiff stop-loss if the stock reverses higher from ₹2,150 levels |
12228 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
12180 | 12130 | 12280 | 12330 | Initiate fresh long positions with a tight stop-loss if the contract rebounds up from 12,180 levels |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.