A gap down move will expect from the market...

EQUITY BULLETIN ON 16 NOV 2021

Nifty Future

Nifty has resistance around 18150 if it breaks and sustains above 18150 will see an upside rally till 18260---18320 +++ levels in an intraday session.

Else Nifty has support around 17900, breaks below 17900 will see intraday fall till 17800---17750 levels.

Trading strategy

Traders can Sell Nifty Future on rise around 18100 with a stop loss above 18250 levels for an upside movement till 17980---17900 levels in an intraday session.

Bank Nifty Future

Bank Nifty has resistance around 38800, breaks and sustains above 38800 will see upside movement till 39200--39400 levels in an intraday session.

Otherwise, Support around 38100, breaks below 38100 will see an intraday downside fall till 37800 levels.

Trading Strategy

Traders can buy Bank Nifty Future on dips around 37900 with a stop loss below 37500 for an upside movement till 38300--38500 levels in an intraday trading session.

Stock Pick of the day

Buy ABFRL Future around 287 levels, stop loss below 282 levels, for an upside movement till 293---298 +++ levels in days to come. *T&C Apply...