Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:
9768 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
9720 | 9670 | 9820 | 9870 | Fresh short positions can be initiated with a fixed stop-loss if the contract reverses down from 9820 levels |
S1 | S2 | R1 | R2 | COMMENT |
1735 | 1710 | 1758 | 1770 | Fresh short positions can be initiated with a fixed stop-loss if the stock fails to move beyond ₹1758 levels |
S1 | S2 | R1 | R2 | COMMENT |
860 | 850 | 885 | 895 | Near-term outlook is bearish for the stock. Make use of intra-day rallies to sell with a stiff stop-loss at ₹885 levels |
₹282 • ITC
S1 | S2 | R1 | R2 | COMMENT |
279 | 276 | 285 | 288 | Initiate fresh long positions with a tight stop-loss if the stock reverses higher from ₹279 levels |
₹157 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
155 | 152 | 160 | 163 | Make use of intra-day rallies to initiate fresh short positions while retaining a fixed stop-loss at ₹160 levels |
₹1565 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
1550 | 1530 | 1580 | 1597 | Fresh long positions are recommended with a stiff stop-loss only if the stock advances above ₹1580 levels |
₹274 • SBI
S1 | S2 | R1 | R2 | COMMENT |
272 | 269 | 278 | 281 | Consider initiating fresh short positions with a tight stop-loss only if the stock declines below ₹272 levels |
₹2521 • TCS
S1 | S2 | R1 | R2 | COMMENT |
2500 | 2480 | 2540 | 2560 | Utilise intra-day declines to go long on the stock with a stiff stop-loss placed at ₹2500 levels |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.