A Gap-Down Opening Will Expect For The Day...

EQUITY BULLETIN FOR 07 JULY 2023

Nifty Futures

Nifty Futures again performed well and made a fresh life high in the last trading session. Now Nifty has near support around 19400 and upside crucial hurdle around 19555 levels. Break above 19555 will see an upside move till 19600-19650 levels in the upcoming trading session.

On the other side, Nifty has crucial support around 19400 levels, break and close below 19400 will see a downside fall till 19320-19250 levels.

Trading strategy

Traders can Sell Nifty Future below 19500 with a stop loss above 19560 levels for the downside movement till 19420 — 19380 levels.

Bank Nifty Futures

Bank Nifty too performed well in the last trading session. Bank Nifty has near resistance around 45500, breaks and sustains above 45500 will see an upside movement till 45700-45800 levels.

On the lower side, Bank Nifty has a major support around 45200, break and sustain below 45200 will see a fresh downfall fall till 45000 levels.

Trading Strategy

Traders can Sell Bank Nifty Future below 45300 with a stop loss above 45500 for the downside movement till 45100—45000 levels in an intraday trading session.

Stock Pick of the day

INFOBEAN

Buy INFOBEAN around 498 for the upside move till 520 and then to 535 levels in the coming days. Stop loss below 280.

*T&C Apply…