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Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:
₹1919 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
1910 | 1900 | 1930 | 1940 | Initiate fresh short positions with a fixed stop-loss if the stock drops below ₹1910 levels |
₹1114 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
1105 | 1095 | 1125 | 1135 | Near-term view is negatively biased for the stock. Utilise intra-day rallies to sell it with a stop-loss at ₹1125 levels |
₹266 • ITC
S1 | S2 | R1 | R2 | COMMENT |
264 | 260 | 268 | 271 | Fresh long positions can be initiated with a tight stop-loss if the stock of ITC reverses higher from ₹264 levels |
₹180 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
178 | 175 | 183 | 186 | Fresh long positions are recommended with a stiff stop-loss only if the stock of ONGC advances above ₹183 levels |
₹916 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
905 | 895 | 925 | 935 | Consider initiating fresh long positions with a tight stop-loss if the stock rebounds up from ₹905 levels |
₹263 • SBI
S1 | S2 | R1 | R2 | COMMENT |
259 | 255 | 267 | 273 | The stock witnesses buying interest at lower levels. Buy in dips while retaining a fixed stop-loss at ₹259 levels |
₹2931 • TCS
S1 | S2 | R1 | R2 | COMMENT |
2908 | 2880 | 2955 | 2975 | The stock of TCS is range-bound. Go long only if the stock rallies above ₹2955 levels with a stiff stop-loss |
10421 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
10375 | 10325 | 10460 | 10505 | Fresh long positions can be initiated with a tight stop-loss if the contract reverses higher from 10,375 levels |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.
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