Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:
₹2489 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
2475 | 2460 | 2503 | 2520 | Consider initiating fresh short positions with a stiff stop-loss only if the stock falls below ₹2,475 levels |
₹731 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
725 | 718 | 739 | 745 | Initiate fresh short positions with a fixed stop-loss only if the stock declines below ₹725 levels |
₹276 • ITC
S1 | S2 | R1 | R2 | COMMENT |
274 | 271 | 280 | 283 | Make use of intra-day dips to buy the stock of ITC while maintaining a stiff stop-loss at ₹274 levels |
₹166 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
163 | 160 | 169 | 172 | The stock is choppy in a narrow sideways range. Desist trading in the stock for the session |
₹1282 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
1270 | 1265 | 1295 | 1310 | Fresh long positions are recommended with a fixed stop-loss only if the stock advances above ₹1,295 levels |
₹366 • SBI
S1 | S2 | R1 | R2 | COMMENT |
360 | 353 | 370 | 375 | As long as the stock of SBI trades above ₹360, the near-term stance remains positive. Buy in declines |
₹2237 • TCS
S1 | S2 | R1 | R2 | COMMENT |
2220 | 2200 | 2260 | 2280 | Fresh short positions can be initiated with a stiff stop-loss if the stock of TCS fails to move beyond ₹2,260 levels |
11949 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
11900 | 11850 | 12000 | 12050 | Initiate fresh long positions with a tight stop-loss if the contract rebounds up from 11,900 levels |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.
Published on
July 04, 2019
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