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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:
₹1151 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
1135 | 1120 | 1165 | 1180 | Initiate fresh short positions with a fixed stop-loss if the stock fails to move beyond ₹1,165 levels |
₹754 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
747 | 740 | 762 | 773 | Fresh short positions can be initiated with a stiff stop-loss if the stock of Infosys falls below ₹747 levels |
₹187 • ITC
S1 | S2 | R1 | R2 | COMMENT |
185 | 182 | 190 | 193 | Consider initiating fresh long positions with a tight stop-loss if the stock of ITC rallies above ₹190 levels |
₹92 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
90 | 87 | 96 | 99 | Initiate fresh long positions with a fixed stop-loss only if the stock of ONGC reverses higher from ₹90 levels |
₹1311 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
1295 | 1280 | 1325 | 1340 | Fresh short positions are recommended with a stiff stop-loss only if the stock of RIL falls below ₹1,295 levels |
₹288 • SBI
S1 | S2 | R1 | R2 | COMMENT |
282 | 274 | 296 | 304 | Fresh long positions can be initiated with a tight stop-loss if the stock of SBI rebounds up from ₹282 levels |
₹2124 • TCS
S1 | S2 | R1 | R2 | COMMENT |
2105 | 2083 | 2145 | 2165 | Make use of intra-day dips to initiate fresh long positions while maintaining a fixed stop-loss at ₹2,105 levels |
11255 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
11200 | 11150 | 11300 | 11350 | Fresh long positions can be initiated with a tight stop-loss only if the contract rallies above 11,300 levels |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.
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