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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:
₹1288 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
1275 | 1260 | 1300 | 1315 | Consider initiating fresh long positions with a stiff stop-loss only if the stock moves beyond ₹1,300 levels |
₹731 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
723 | 714 | 736 | 743 | Make use of intra-day declines to go long on the stock while maintaining a fixed stop-loss at ₹723 levels |
₹244 • ITC
S1 | S2 | R1 | R2 | COMMENT |
241 | 238 | 247 | 250 | Initiate fresh long positions with a tight stop-loss if the stock of ITC rebounds up from ₹241 levels |
₹125 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
123 | 120 | 128 | 131 | The stock is range-bound and moves in a narrow band. Desist trading in it for the session |
₹1605 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
1590 | 1597 | 1620 | 1635 | Near-term outlook is bullish for the stock of RIL. Buy in dips with a stiff stop-loss at ₹1,590 levels |
₹328 • SBI
S1 | S2 | R1 | R2 | COMMENT |
323 | 315 | 333 | 340 | Fresh short positions are recommended with a fixed stop-loss only if the stock of SBI falls below ₹323 levels |
₹2228 • TCS
S1 | S2 | R1 | R2 | COMMENT |
2200 | 2180 | 2250 | 2270 | Outlook stays positive above ₹2,200 levels. Buy in declines with a stiff stop-loss at ₹2,200 levels |
12268 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
12220 | 12170 | 12320 | 12367 | Fresh long positions can be initiated with a tight stop-loss if the contract reverses higher from 12,220 levels |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.
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