A gap-down opening will start for the day...

EQUITY BULLETIN FOR 22 APRIL 2022 Nifty Futures We have seen a short-covering on the weekly expiry. Now Nifty has resistance around 17450 if it breaks and close above 17450 then will see an upside rally till 17530 — 17580 levels in an intraday session. Nifty has major support around 17200, an break below 17200 will see major downside fall till 17120 — 17050 levels in an intraday session. Trading strategy Traders can buy Nifty Future around 17200 with a stop loss below 17050 levels for an upside movement till 17330 — 17400 levels in an intraday session. Bank Nifty Futures Bank Nifty closed positive note in the last trading session. Bank Nifty has resistance around 37250, breaks and sustains above 37250 will see an upside movement till 37450-37600 levels in an intraday session. Otherwise, Support around 36500, breaks below 36500 will see fresh downside fall till 36300-36100 levels in an upcoming session. Trading Strategy Traders can buy Banknifty Future around 36550 with a stop loss below 36300 for the upside movement till 36850—37100 levels in an intraday trading session. Stock Pick of the day Adani Port Buy Adani Port around 844 for the upside move till 860 and then to 875 levels in the coming days. Stop loss above 828. *T&C Apply…