Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:
10498 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
10450 | 10400 | 10550 | 10590 | Fresh short positions can be initiated with a tight stop-loss if the contract fails to advance above 10,550 levels |
S1 | S2 | R1 | R2 | COMMENT |
1850 | 1840 | 1870 | 1880 | Initiate fresh short positions with a stiff stop-loss if the stock fails to move beyond ₹1870 levels |
S1 | S2 | R1 | R2 | COMMENT |
1025 | 1015 | 1040 | 1050 | Fresh long positions are recommended with a fixed stop-loss only if the stock of Infosys advances above ₹1040 levels |
₹262 • ITC
S1 | S2 | R1 | R2 | COMMENT |
260 | 258 | 264 | 267 | Initiate fresh short positions with a stiff stop-loss if the stock of ITC reverses down from ₹264 levels |
₹192 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
190 | 187 | 195 | 198 | Consider initiating fresh short positions with a tight stop-loss if the stock of ONGC declines below ₹190 levels |
₹911 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
900 | 890 | 920 | 930 | Make use of intra-day rallies to initiate fresh short positions while maintaining a fixed stop-loss at ₹920 levels |
₹307 • SBI
S1 | S2 | R1 | R2 | COMMENT |
304 | 299 | 312 | 318 | Near-term outlook is bearish for the stock. Make use of intra-day rallies to go short with a stiff stop-loss at ₹312 levels |
₹2654 • TCS
S1 | S2 | R1 | R2 | COMMENT |
2630 | 2610 | 2675 | 2695 | Consider initiating fresh long positions with a fixed stop-loss if the stock rallies above ₹2675 levels |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.