The charge of Mysuru’s Covid Mitras
Postcard from a district that constantly regrouped and renewed its fight against a continuously evolving ...
Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:
₹1217 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
1215 | 1203 | 1230 | 1246 | Fresh short positions can be initiated with a stop-loss at ₹1,235 if the stock declines below ₹1,215 levels |
₹789 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
784 | 770 | 800 | 815 | Near-term trend looks positive. Hence buy the stock with stop-loss at ₹760 if the price moderates to ₹784 |
₹204 • ITC
S1 | S2 | R1 | R2 | COMMENT |
200 | 196 | 206 | 210 | On rallies, initiate fresh short positions with a tight stop-loss as the stock shows increased bearish momentum. |
₹100 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
96 | 90 | 103 | 108 | Consider initiating fresh short positions with a fixed stop-loss only if the stock decisively breaches ₹100 levels |
₹1478 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
1460 | 1445 | 1485 | 1500 | Initiate fresh long positions with a tight stop-loss only if the stock of RIL reverses higher from ₹1,460 levels |
₹314 • SBI
S1 | S2 | R1 | R2 | COMMENT |
310 | 300 | 321 | 333 | Go long in the stock with a tight stop-loss if the price bounces from the support at ₹300. |
₹2203 • TCS
S1 | S2 | R1 | R2 | COMMENT |
2170 | 2150 | 2210 | 2230 | The stock of TCS has corrected towards an important level of ₹2,200; buy the stock with stop-loss at ₹2,170 |
12074 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
12000 | 11970 | 12125 | 12175 | Sell the futures contract on rallies with stop-loss at 12135 as the near-term trend seems to be bearish |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.
Please Email the Editor