Sensex plunges 205 points, Nifty ends below 10,050 as RBI raises inflation forecast
Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:
10146 • Nifty 50 Futures
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
10100 |
10050 |
10200 |
10250 |
Consider initiating fresh short positions with a fixed stop-loss if the contract fails to move beyond 10,200 levels |
₹1823 • HDFC Bank
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
1810 |
1800 |
1830 |
1840 |
Initiate fresh short positions with a stiff stop-loss if the stock declines below ₹1810 levels |
₹984 • Infosys
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
974 |
965 |
995 |
1005 |
Fresh long positions can be initiated with a tight stop-loss if the stock rebounds up from ₹974 levels |
₹254 • ITC
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
252 |
250 |
257 |
259 |
Make use of intra-day rallies to initiate fresh short positions while maintaining a fixed stop-loss at ₹257 levels |
₹178 • ONGC
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
175 |
173 |
181 |
183 |
Consider initiating fresh short positions with a stiff stop-loss if the stock reverses down from ₹181 levels |
₹911 • Reliance Ind.
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
901 |
890 |
922 |
930 |
Fresh long positions are recommended with a fixed stop-loss only if the stock moves beyond ₹922 levels |
₹319 • SBI
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
313 |
308 |
322 |
327 |
Initiate fresh long positions with a tight stop-loss only if the stock of SBI climbs above ₹322 levels |
₹2633 • TCS
|
S1 |
S2 |
R1 |
R2 |
COMMENT |
|
2620 |
2600 |
2650 |
2670 |
Go long while maintaining a fixed stop-loss only if the stock of TCS advances above ₹2650 levels |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.
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