A gap-up move will expect for the day...

EQUITY BULLETIN FOR 16 MARCH 2022 Nifty Futures Nifty has resistance around 16750 if it breaks and sustains above 16750 will see an upside rally till 16900 — 17000 levels in an intraday session. Else Nifty has support around 16550, break below 16550 will see intraday downside fall till 16450 — 16400 levels in an intraday session. Trading strategy Traders can buy Nifty Future above 16750 with a stop loss below 16650 levels for an upside movement till 16900 — 17000 levels in an intraday session. Bank Nifty Futures Bank Nifty has resistance around 35150, breaks and sustains above 35150 will see an upside movement till 35500–35700 levels in an intraday session. Otherwise, Support around 34700, breaks below 34700 will see an intraday downside fall till 34350—34150 levels in an intraday session. Trading Strategy Traders can buy Banknifty Future above 35150 with a stop loss below 34950 for an upside movement till 35500—35700 levels in an intraday trading session. Stock Pick of the day Polycab India Ltd Buy POLYCAB above 2415 levels with a stop loss below 2380 levels, for an upside movement till 2450 — 2460 +++ levels in the coming days.

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