Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:
₹1858 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
1849 | 1815 | 1875 | 1900 | Initiate fresh short positions with a stop-loss at ₹1,865 if the stock breaks below ₹1,849. |
S1 | S2 | R1 | R2 | COMMENT |
1020 | 1000 | 1040 | 1050 | Resistance ahead. Go long only if the stock breaks above ₹1,040. Keep the stop-loss at ₹1,025 |
S1 | S2 | R1 | R2 | COMMENT |
261 | 259 | 266 | 268 | Immediate outlook is unclear as the stock is stuck in a narrow range. Avoid trading this stock |
₹192 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
189 | 186 | 197 | 200 | Wait for dips and go long with a stop-loss at ₹185 if the stock reverses higher from ₹189. |
₹922 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
915 | 905 | 940 | 960 | Initiate fresh short positions if the stock breaks below ₹915. Stop-loss can be placed at ₹930 |
₹314 • SBI
S1 | S2 | R1 | R2 | COMMENT |
309 | 303 | 317 | 322 | Outlook is bearish. Go short and also accumulate on rallies. Keep the stop-loss at ₹318 |
₹2621 • TCS
S1 | S2 | R1 | R2 | COMMENT |
2600 | 2550 | 2640 | 2660 | Hovers above a support. Go short with a stop-loss at ₹2,625 if the stock breaks below ₹2,600 |
10500 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
10475 | 10400 | 10515 | 10560 | Near-term view is negative. Go short and also accumulate on rallies with a stop-loss at 10,525 |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.