Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:
₹1181 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
1170 | 1155 | 1195 | 1210 | Fresh long positions are recommended with a stiff stop-loss only if the stock moves beyond ₹1,195 levels |
₹746 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
735 | 725 | 755 | 765 | Consider initiating fresh long positions with a fixed stop-loss if the stock reverses higher from ₹735 levels |
₹193 • ITC
S1 | S2 | R1 | R2 | COMMENT |
192 | 190 | 196 | 199 | The stock hovers in the oversold territory. Go long with a tight stop-loss on a strong rally above ₹196 levels |
₹93 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
90 | 87 | 96 | 99 | Make use of intra-day dips to buy the stock of ONGC while retaining a fixed stop-loss at ₹90 levels |
₹1343 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
1330 | 1315 | 1355 | 1370 | Initiate fresh long positions with a tight stop-loss only if the stock of RIL rebounds up from ₹1,330 levels |
₹289 • SBI
S1 | S2 | R1 | R2 | COMMENT |
284 | 277 | 296 | 303 | Fresh short positions can be initiated with a fixed stop-loss if the stock of SBI fails to rally above ₹296 levels |
₹2038 • TCS
S1 | S2 | R1 | R2 | COMMENT |
2020 | 2000 | 2060 | 2080 | Utilise intra-day declines to initiate fresh long positions while maintaining a stiff stop-loss at ₹2,020 levels |
11294 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
11250 | 11200 | 11350 | 11400 | Initiate fresh long positions with a tight stop-loss if the contract reverses higher from 11,250 levels |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.