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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:
₹1258 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
1245 | 1230 | 1270 | 1285 | Initiate fresh long positions with a fixed stop-loss if the stock rallies above ₹1,270 levels |
₹765 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
755 | 742 | 775 | 785 | Near-term stance is bearish for the stock of Infosys. Sell on rallies with a stop-loss at ₹775 levels |
₹254 • ITC
S1 | S2 | R1 | R2 | COMMENT |
251 | 247 | 258 | 262 | Last session the stock jumped 7 per cent with good volume on back of buying interest. Buy in dips |
₹136 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
133 | 130 | 139 | 143 | Fresh long positions are recommended with a stiff stop-loss only if the stock of ONGC moves beyond ₹139 levels |
₹1238 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
1225 | 1210 | 1250 | 1265 | Consider initiating fresh short positions with a tight stop-loss if the stock fails to rally above ₹1,250 levels |
₹313 • SBI
S1 | S2 | R1 | R2 | COMMENT |
305 | 297 | 319 | 326 | Fresh long positions can be initiated with a fixed stop-loss if the stock of SBI reverses higher from ₹305 levels |
₹2014 • TCS
S1 | S2 | R1 | R2 | COMMENT |
1995 | 1975 | 2035 | 2055 | Initiate fresh short positions with a stiff stop-loss if the stock falls below ₹1,995 levels |
11607 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
11550 | 11500 | 11660 | 11710 | Fresh long positions can be initiated with a tight stop-loss if the contract rebounds up from 11,550 levels |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.
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