A gap-up move will expect from the market...

EQUITY BULLETIN ON 07 DEC 2021

Nifty Future

Nifty has resistance around 17120 if it breaks and sustains above 17120 will see an upside rally till 17250---17300 levels in an intraday session.

Else Nifty has support around 16900, breaks below 16900 will see intraday fall till 16800---16750 levels.

Trading strategy

Traders can sell Nifty Future around 17000 with a stop loss above 17120 levels for a downside movement till 16800---16750 levels in an intraday session.

Bank Nifty Future

Bank Nifty has resistance around 36300, breaks and sustains above 36300 will see upside movement till 36600--36700 levels in an intraday session.

Otherwise, Support around 35750, breaks below 35750 will see an intraday downside fall till 35500---35350 levels.

Trading Strategy

Traders can sell Banknifty Future around 36000 with a stop loss above 36300 for a downside movement till 35500---35350 levels in an intraday trading session.

Stock Pick of the day

Sell ASIAN PAINT FUTURE around 3070 levels, stop loss above 3125 levels, for a downside movement till 3000---2980 levels in coming days. *T&C Apply...