Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:
₹813 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
795 | 775 | 830 | 850 | Consider initiating fresh long positions with a stiff stop-loss only if the stock moves beyond ₹830 levels |
₹585 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
575 | 565 | 597 | 610 | Initiate fresh long positions with a tight stop-loss if the stock of Infosys rallies above ₹597 levels |
₹177 • ITC
S1 | S2 | R1 | R2 | COMMENT |
173 | 167 | 183 | 189 | Near-term stance is positive for the stock of ITC. Buy in declines while maintaining a stop-loss at ₹173 levels |
₹69 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
66 | 63 | 72 | 75 | Fresh long positions can be initiated with a stiff stop-loss if the stock of ONGC rebounds up from ₹66 levels |
₹1078 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
1060 | 1040 | 1100 | 1120 | The stock tests a key resistance at ₹1,100. Go long with a tight stop-loss on a strong rally above this level |
₹175 • SBI
S1 | S2 | R1 | R2 | COMMENT |
170 | 160 | 183 | 195 | Fresh long positions are recommended with a stiff stop-loss only if the stock of SBI advances above ₹183 levels |
₹1654 • TCS
S1 | S2 | R1 | R2 | COMMENT |
1635 | 1610 | 1680 | 1710 | Fresh short positions can be initiated with a tight stop-loss if the stock of TCS fails to move beyond ₹1,680 levels |
8084 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
8000 | 7900 | 8200 | 8330 | Consider initiating fresh long positions with a tight stop-loss only if the contract jumps above 8,200 levels |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.