A gap-down opening will expect from the market...

EQUITY BULLETIN FOR 12 APRIL 2022

Nifty Futures

Nifty looks negative and closed on a weak note in the last trading session. Now Nifty has resistance around 17850 if it breaks and sustains above 17850 will see an upside rally till 17950 — 18100 levels in an intraday session.

Nifty has support around 17650, an break below 17650 will see intraday downside fall till 17550 — 17500 levels in an intraday session.

Trading strategy

Traders can sell Nifty Future below 17650 with a stop loss above 17750 levels for a downside movement till 17550 — 17500 levels in an intraday session.

Bank Nifty Futures

Bank Nifty erased all gain in the final hours of the day. Bank Nifty has resistance around 38000, breaks and sustains above 38000 will see an upside movement till 38150–38300 levels in an intraday session.

Otherwise, Support around 37650, breaks below 37650 will see an intraday downside fall till 37400 levels in an intraday session.

Trading Strategy

Traders can sell Banknifty Future around 37900 with a stop loss above 38100 for the downside movement till 37600—37400 levels in an intraday trading session.

Stock Pick of the day

DLF

Buy DLF around 398 for the upside move till 406 and then to 410 levels in the coming days. Stop-loss above 390.

*T&C Apply…