Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:
₹1851 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
1840 | 1820 | 1870 | 1900 | Initiate fresh short positions if the stock breaks below ₹1,840. Keep the stop-loss at ₹1,855 |
S1 | S2 | R1 | R2 | COMMENT |
895 | 880 | 920 | 950 | Short-term outlook is bullish. Go long and also accumulate on dips with a stop-loss at ₹890 |
S1 | S2 | R1 | R2 | COMMENT |
264 | 260 | 270 | 274 | Downtrend is intact. Initiate short positions and also accumulate on rallies with a stop-loss at ₹272 |
₹166 • ONGC
S1 | S2 | R1 | R2 | COMMENT |
163 | 160 | 168 | 170 | Wait for dips and go long if the stock bounces from ₹163. Stop-loss can be paced at ₹161 |
₹840 • Reliance Ind.
S1 | S2 | R1 | R2 | COMMENT |
838 | 825 | 850 | 860 | Hovers above a support. Go short if RIL declines below ₹838. Keep the stop-loss at ₹842 |
₹268 • SBI
S1 | S2 | R1 | R2 | COMMENT |
266 | 260 | 270 | 275 | Initiate fresh long positions with a stop-loss at ₹268 only if the stock breaks above ₹270 |
₹2498 • TCS
S1 | S2 | R1 | R2 | COMMENT |
2475 | 2450 | 2560 | 2550 | Near-term view is unclear. Avoid trading this stock until a clear trend emerges |
10169 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
10135 | 10100 | 10190 | 10220 | Go long only if the index futures break above 10,190. Stop-loss can be placed at 10,175 |
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.