Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:
₹1182 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
1170 | 1155 | 1195 | 1210 | Initiate fresh short positions with a fixed stop-loss if the stock reverses down from ₹1,195 levels |
₹744 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
735 | 725 | 755 | 765 | Fresh long positions are recommended with a tight stop-loss only if the stock of Infosys rallies above ₹755 levels |
₹195 • ITC
S1 | S2 | R1 | R2 | COMMENT |
193 | 191 | 198 | 201 | Consider initiating fresh long positions with a stiff stop-loss if the stock of ITC reverses higher from ₹193 levels |
₹89 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
87 | 85 | 92 | 95 | Fresh short positions can be initiated with a fixed stop-loss if the stock of ONGC fails to move beyond ₹92 levels |
₹1314 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
1300 | 1285 | 1330 | 1345 | The trades above a key support level of ₹1,300. Go short only if it declines below this base with a tight stop-loss |
₹287 • SBI
S1 | S2 | R1 | R2 | COMMENT |
282 | 274 | 296 | 303 | Near-term stance is bearish for the stock. Sell on rallies while maintaining a stiff stop-loss at ₹296 levels |
₹1999 • TCS
S1 | S2 | R1 | R2 | COMMENT |
1980 | 1960 | 2020 | 2045 | Initiate fresh long positions with a fixed stop-loss only if the stock advances above ₹2020 levels |
11123 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
11070 | 11020 | 11175 | 11225 | Consider initiating fresh short positions with a tight stop-loss only if the contract fails to rally above 11,175 levels |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.