Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:
₹924 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
912 | 900 | 937 | 950 | Initiate fresh short positions with a tight stop-loss if the stock reverses down from ₹937 levels |
₹665 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
655 | 645 | 675 | 685 | Fresh short positions are recommended with a fixed stop-loss only if the stock falls below ₹655 levels |
₹161 • ITC
S1 | S2 | R1 | R2 | COMMENT |
158 | 155 | 164 | 167 | Make use of intra-day rallies to initiate fresh short positions while maintaining a stiff stop-loss at ₹164 levels |
₹75 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
73 | 70 | 79 | 82 | Fresh short positions can be initiated with a fixed stop-loss if the stock of ONGC fails to move beyond ₹79 levels |
₹1507 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
1490 | 1475 | 1520 | 1535 | As long as the stock of RIL trades above ₹1,490 the near-term view stays positive. Buy in dips with fixed stop-loss |
₹170 • SBI
S1 | S2 | R1 | R2 | COMMENT |
165 | 160 | 176 | 182 | The stock is range-bound in a narrow band. Avoid trading in the stock of SBI for the session |
₹1891 • TCS
S1 | S2 | R1 | R2 | COMMENT |
1870 | 1850 | 1910 | 1930 | Initiate fresh short positions with a tight stop-loss if the stock of TCS fails to rally above ₹1,910 levels |
9204 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
9125 | 9060 | 9275 | 9350 | Consider initiating fresh long positions with a fixed stop-loss only if the contract moves beyond 9,275 levels |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.