Sensex sheds 64 points on derivatives expiry
Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:
₹1858 • HDFC Bank
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
1849 |
1815 |
1875 |
1900 |
Initiate fresh short positions with a stop-loss at ₹1,865 if the stock breaks below ₹1,849. |
₹1034 • Infosys
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
1020 |
1000 |
1040 |
1050 |
Resistance ahead. Go long only if the stock breaks above ₹1,040. Keep the stop-loss at ₹1,025 |
₹262 • ITC
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
261 |
259 |
266 |
268 |
Immediate outlook is unclear as the stock is stuck in a narrow range. Avoid trading this stock |
₹192 • ONGC
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
189 |
186 |
197 |
200 |
Wait for dips and go long with a stop-loss at ₹185 if the stock reverses higher from ₹189. |
₹922 • Reliance Ind.
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
915 |
905 |
940 |
960 |
Initiate fresh short positions if the stock breaks below ₹915. Stop-loss can be placed at ₹930 |
₹314 • SBI
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
309 |
303 |
317 |
322 |
Outlook is bearish. Go short and also accumulate on rallies. Keep the stop-loss at ₹318 |
₹2621 • TCS
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
2600 |
2550 |
2640 |
2660 |
Hovers above a support. Go short with a stop-loss at ₹2,625 if the stock breaks below ₹2,600 |
10500 • Nifty 50 Futures
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
10475 |
10400 |
10515 |
10560 |
Near-term view is negative. Go short and also accumulate on rallies with a stop-loss at 10,525 |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.
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