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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:
₹1199 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
1186 | 1170 | 1213 | 1225 | Fresh long positions are recommended with a stiff stop-loss only if the stock rallies above ₹1,213 levels |
₹777 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
772 | 760 | 790 | 800 | Initiate fresh long positions with a tight stop-loss if the stock of Infosys breaks out of ₹780 |
₹197 • ITC
S1 | S2 | R1 | R2 | COMMENT |
196 | 193 | 201 | 204 | Initiate fresh short positions with stop-loss at ₹200 if the stock declines below ₹196 |
₹93 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
91 | 85 | 95 | 98 | Sell the stock of ONGC on rallies with a stop-loss at ₹97 as the trend remains considerably bearish |
₹1386 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
1375 | 1360 | 1405 | 1420 | Near-term stance is bearish for the stock of RIL. Make use of intra-day rallies to go short with a stop-loss at ₹1,405 |
₹321 • SBI
S1 | S2 | R1 | R2 | COMMENT |
316 | 313 | 325 | 330 | Fresh short positions are recommended in the stock of SBI with a stop-loss at ₹326 as price action hints at a decline |
₹2105 • TCS
S1 | S2 | R1 | R2 | COMMENT |
2080 | 2040 | 2120 | 2145 | Short-term trend is bearish. But sell the stock of TCS with stop-loss at ₹2120 only if the price slips below ₹2090 |
11618 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
11600 | 11558 | 11670 | 11716 | The contract is hovering around an important support. Go long with tight stop-loss on a strong rally above 11,640 levels |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.
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