My favourite lockdown tech
Of all the gadgets in my home, here the ones I can’t do without in this time of solitary confinement
Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:
₹975 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
960 | 945 | 990 | 1005 | Consider initiating fresh long positions with a fixed stop-loss only if the stock moves beyond ₹990 levels |
₹555 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
545 | 535 | 566 | 575 | Fresh long positions are recommended with a stiff stop-loss only if the stock of Infosys rallies above ₹566 levels |
₹149 • ITC
S1 | S2 | R1 | R2 | COMMENT |
147 | 143 | 151 | 155 | Make use of intra-day dips to buy the stock of ITC while maintaining a stiff stop-loss at ₹147 levels |
₹60 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
58 | 56 | 63 | 66 | Fresh long positions are recommended with a tight stop-loss only if the stock advances above ₹63 levels |
₹1008 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
990 | 970 | 1025 | 1040 | Initiate fresh long positions with a stiff stop-loss only if the stock of RIL rallies above ₹1,025 levels |
₹214 • SBI
S1 | S2 | R1 | R2 | COMMENT |
209 | 200 | 220 | 228 | Fresh short positions can be initiated with a fixed stop-loss if the stock declines below ₹209 levels |
₹1658 • TCS
S1 | S2 | R1 | R2 | COMMENT |
1640 | 1620 | 1680 | 1700 | Initiate fresh short positions with a stiff stop-loss if the stock of fails to move beyond ₹1,680 levels |
8915 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
8850 | 8800 | 8970 | 9050 | Fresh long positions are recommended with a tight stop-loss only if the contract jumps above 8,970 levels |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.