A flat Opening Will Expect for the day

EQUITY BULLETIN FOR 05 DEC 2022

Nifty Futures

Nifty has resistance around 18920 if it breaks and sustains above 18920 will see an upside rally till 19000-19050 levels in an intraday session.

Else Nifty has support around 18700, break below 18700 will see intraday downside fall till 18600-18550 levels in an intraday session.

Trading strategy

Traders can buy Nifty Future around 18750 with a stop loss below 18600 levels for an upside movement till 18900 levels in an intraday session.

Bank Nifty Futures

Bank Nifty has resistance around 43500, breaks and sustains above 43500 will see an upside movement till 43650-43750 levels in an intraday session.

Otherwise, Support around 43000, breaks below 43000 will see an intraday downside fall till 42800-42700 levels in an intraday session.

Trading Strategy

Traders can buy Banknifty Future above 43500 with a stop loss below 43300 for an upside movement till 43650-43750 levels in an intraday trading session.

Stock Pick of the day

Buy M&M fin above 232 with sl of 228 and Target is 236-240