A gap-up move will expect after FOMC meet...

EQUITY BULLETIN ON 16 DEC 2021

Nifty Future

Nifty has resistance around 17400 if it breaks and sustains above 17400 will see an upside rally till 17550---17600 levels in an intraday session.

Else Nifty has support around 17200, breaks below 17200 will see intraday fall till 17100---17050 levels.

Trading strategy

Traders can sell Nifty Future around 17280 with a stop loss above 17400 levels for a downside movement till 17100---17050 levels in an intraday session.

Bank Nifty Future

Bank Nifty has resistance around 37200, breaks and sustains above 37200 will see upside movement till 37500--37650 levels in an intraday session.

Otherwise, Support around 36900, breaks below 36900 will see an intraday downside fall till 36750---36600 levels.

Trading Strategy

Traders can sell Banknifty Future below 36900 with a stop loss above 37150 for a downside movement till 36750---36600 levels in an intraday trading session.

Stock Pick of the day

Buy UFLEX above 556 levels, stop loss below 530 levels, for an upside movement till 590---600 +++ levels in coming days. *T&C Apply...