A flat Opening Will Expect for the day.

EQUITY BULLETIN FOR 09 AUGUST 2023

Nifty Futures

Nifty futures formed a weak candle in the last trading session. Now Nifty has immediate support around 19580 and near resistance around 19700 levels. Break above 19700 will see an upside move till 19800-19850 levels. Traders can enter above 19700 for the upside gains of 100-120 points.

On the other side, Nifty has support around 19580 levels, break and close below 19580 will see test 19500 levels.

Trading strategy

Traders can Sell Nifty below 19580 with a stop loss above 19660 levels for the downside movement till 19500 levels.

Bank Nifty Futures

Bank Nifty Future was unable to sustain at higher levels and closed on a negative note in the last trading session. Bank Nifty has near resistance around 45200, breaks and an hourly close above 45200 will see an upside movement till the 45400-45500 levels.

On the lower side, Bank Nifty has a near support around 44800, break and sustain below 44800 will test 44500 level. Further weakness will expect on close below 44500 levels till 44200 levels.

Trading Strategy

Traders can Buy Banknifty above 45200 with a stop loss below 44900 for the upside movement till 45450—45500 levels in an intraday trading session.

Stock Pick of the day

ZEEL

Buy ZEEL Futures above 242. Stop loss below 239. Target-245-248.

*T&C Apply…