Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:
₹1959 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
1950 | 1940 | 1970 | 1980 | Fresh long positions are recommended with a tight stop-loss only if the stock moves beyond ₹1970 levels |
S1 | S2 | R1 | R2 | COMMENT |
1175 | 1160 | 1197 | 1210 | Initiate fresh short position with a stiff stop-loss only if the stock of Infosys declines below ₹1175 levels |
S1 | S2 | R1 | R2 | COMMENT |
279 | 276 | 283 | 285 | Near-term outlook is bullish for the stock of ITC. Buy in declines with a fixed stop-loss at ₹279 levels |
₹210 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
207 | 204 | 213 | 216 | The near-term uptrend is gaining momentum in the stock of ONGC. Make use of dips to buy the stock |
₹964 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
955 | 940 | 972 | 982 | Fresh short positions can be initiated with a tight stop-loss only if the stock declines below ₹955 levels |
₹329 • SBI
S1 | S2 | R1 | R2 | COMMENT |
322 | 318 | 333 | 338 | Outlook is bullish for the stock of SBI. Utilise intra-day dips to buy the stock with a fixed stop-loss at ₹322 levels |
₹3174 • TCS
S1 | S2 | R1 | R2 | COMMENT |
3150 | 3120 | 3195 | 3220 | As long as the stock trades above the key support at ₹3150, the near-term view stays positive. Buy in dips |
11083 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
11025 | 10970 | 11120 | 11170 | The contract hovers at overbought territory. Tread with caution and buy in dips with a fixed stop-loss at 11,025 levels |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.