Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:
9784 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
9740 | 9700 | 9835 | 9880 | Consider initiating fresh short positions with a tight stop-loss if the contract fails to move beyond 9835 levels |
S1 | S2 | R1 | R2 | COMMENT |
1737 | 1720 | 1765 | 1780 | Initiate fresh short positions with a fixed stop-loss only if the stock declines below ₹1737 levels |
S1 | S2 | R1 | R2 | COMMENT |
865 | 855 | 890 | 900 | Consider initiating fresh long positions with a stiff stop-loss if the stock rebounds up from ₹865 levels |
₹283 • ITC
S1 | S2 | R1 | R2 | COMMENT |
280 | 277 | 285 | 288 | Utilise intra-day dips to initiate fresh long positions on the stock while maintaining a fixed stop-loss at ₹280 levels |
₹159 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
157 | 155 | 162 | 165 | Fresh long positions are recommended with a stiff stop-loss only if the stock rallies above ₹162 levels |
₹1563 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
1550 | 1530 | 1580 | 1597 | Initiate fresh short positions with a tight stop-loss only if the stock slumps below ₹1550 levels |
₹274 • SBI
S1 | S2 | R1 | R2 | COMMENT |
272 | 269 | 278 | 281 | Fresh long positions can be initiated with a fixed stop-loss only if the stock moves beyond ₹278 levels |
₹2496 • TCS
S1 | S2 | R1 | R2 | COMMENT |
2480 | 2460 | 2520 | 2540 | Make use of intra-day declines to buy the stock while retaining a tight stop-loss at ₹2480 levels |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.