Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:
10646 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
10600 | 10565 | 10685 | 10725 | Consider initiating fresh long positions with a tight stop-loss if the contract reverses higher from 10,600 levels |
S1 | S2 | R1 | R2 | COMMENT |
1850 | 1840 | 1870 | 1880 | Initiate fresh short positions with a fixed stop-loss only if the stock fails to move beyond ₹1870 levels |
S1 | S2 | R1 | R2 | COMMENT |
1030 | 1020 | 1050 | 1060 | Outlook is bullish for the stock of Infosys. Buy in declines while maintaining a stiff stop-loss at ₹1030 levels |
₹270 • ITC
S1 | S2 | R1 | R2 | COMMENT |
267 | 264 | 273 | 276 | Make use of intra-day dips to buy the stock of ITC while retaining a fixed stop-loss at ₹267 levels |
₹196 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
194 | 191 | 200 | 203 | Fresh long positions are recommended with a tight stop-loss only if the stock of ONGC rallies above ₹200 levels |
₹940 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
930 | 920 | 950 | 960 | The stock experiences buying interest at lower levels. Make use of dips to buy the stock with a fixed stop-loss |
₹304 • SBI
S1 | S2 | R1 | R2 | COMMENT |
300 | 295 | 310 | 315 | Initiate fresh short positions with a fixed stop-loss only if the stock declines below ₹300 levels |
₹2708 • TCS
S1 | S2 | R1 | R2 | COMMENT |
2680 | 2660 | 2725 | 2745 | Make use of intra-day declines to buy the stock while maintaining a stiff stop-loss at ₹2680 levels |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.