A flat to positive opening will expect for the day...

EQUITY BULLETIN FOR 07 JAN 2022

Nifty Future

Nifty has resistance around 17850 if it breaks and sustains above 17850 will see an upside rally till 18000---18100 levels in an intraday session.

Else Nifty has support around 17650, breaks below 17650 will see intraday fall till 17500---17450 levels.

Trading strategy

Traders can buy Nifty Future above 17850 with a stop loss below 17725 levels for an upside movement till 18000---18100 levels in an intraday session.

Bank Nifty Future

Bank Nifty has resistance around 37750, breaks and sustains above 37750 will see upside movement till 38000--38200 levels in an intraday session.

Otherwise, Support around 37145, breaks below 37145 will see an intraday downside fall till 36850---36700 levels.

Trading Strategy

Traders can buy Banknifty Future above 37750 with a stop loss below 37430 for an upside movement till 38000---38200 levels in an intraday trading session.

Stock Pick of the day

Buy BHARATFORG around 740 levels, stop loss below 715 levels, for an upside movement till 770---785 +++ levels in coming days. *T&C Apply...