Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:
10810 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
10760 | 10710 | 10840 | 10899 | Consider initiating fresh long positions with a tight stop-loss if the contract reverses higher from 10760 levels |
S1 | S2 | R1 | R2 | COMMENT |
1920 | 1910 | 1940 | 1950 | Initiate fresh long positions with a stiff stop-loss if the stock rebounds up from ₹1920 levels |
S1 | S2 | R1 | R2 | COMMENT |
1140 | 1130 | 1160 | 1170 | Fresh short positions can be initiated with a fixed stop-loss only if the stock declines below ₹1140 levels |
₹272 • ITC
S1 | S2 | R1 | R2 | COMMENT |
269 | 266 | 275 | 278 | Witnessing buying interest, the stock of ITC climbed 2.6 per cent last session. Buy the stock in dips |
₹194 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
192 | 190 | 197 | 200 | Make use of intra-day rallies to initiate fresh short positions while maintaining a fixed stop-loss at ₹197 levels |
₹919 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
910 | 900 | 930 | 940 | Initiate fresh short positions with a tight stop-loss only if the stock of RIL fails to rally above ₹930 levels |
₹302 • SBI
S1 | S2 | R1 | R2 | COMMENT |
298 | 293 | 308 | 313 | Fresh long are recommended with a fixed stop-loss only if the stock advances above ₹308 levels |
₹2910 • TCS
S1 | S2 | R1 | R2 | COMMENT |
2890 | 2870 | 2930 | 2950 | Utilise intra-day dips to buy the stock of TCS while retaining a stiff stop-loss at ₹2890 levels |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.