A flat opening will expect for the day...

EQUITY BULLETIN FOR 01 JUNE 2022

Nifty Futures

After a sharp pullback, the Nifty has given a small profit booking from higher levels in the last trading session. Now Nifty has resistance around 16700 if it breaks and sustain above 16700 will see an upside rally till 16800 — 16850 levels in an intraday session.

On the other side, the Nifty has near support around 16500, break and close below 16500 will see a downside fall till 16400 —16360 levels in an intraday session.

Trading strategy

Traders can buy Nifty Future on dips around 16420 with a stop loss below 16350 levels for the upside movement till 16550 — 16620 levels in an intraday session.

Bank Nifty Futures

Bank Nifty slides sharply from its upper levels in the last trading session. Bank Nifty has resistance around 36000, breaks and sustains above 36000 will see an upside movement till 36250-36400 levels in an intraday session.

Otherwise, major support around 35300, breaks below 35300 will see a fresh downside fall till 35100-35000 levels in an upcoming session.

Trading Strategy

Traders can buy Banknifty Future around 35000 with a stop loss above 34750 for the downside movement till 35300—35400 levels in an intraday trading session.

Stock Pick of the day

IEX

Buy IEX above 198 for the upside move till 207 and then to 212 levels in the coming days. Stop loss below 192.

*T&C Apply…