A Gap-Up Opening Will Expect Amid Positive Global Cues...

EQUITY BULLETIN FOR 30 AUGUST 2023

Nifty Futures

Nifty Futures is showing positive strength from the lower levels and managed to closed in green in the last trading session. Now Nifty Futures has near support around 19280 and upside near hurdle around 19380 levels. Break above 19380 will see an upside move till 19430-19480 levels and fresh upside will expect on close above 19500 levels in the upcoming trading session.

On the other side, Nifty has immediate support around 19280 levels, break and sustain below 19280 will see a downside fall till 19200 levels. More downside will expect on close below 19200 levels.

Trading strategy

Traders can Buy Nifty Future above 19380 with a stop loss below 19280 levels for the upside movement till 19450— 19500 levels.

Bank Nifty Futures

Bank Nifty erased all intraday gains but survived above the crucial level in the last trading session. Bank Nifty has near support around 44400 and near resistance around 44700, breaks and sustains above 44700 will see an upside movement till 44900-45000 levels.

On the lower side, Bank Nifty has a near support around 44400, break and sustain below 44400 will see a downfall fall till 44200-44050 levels.

Trading Strategy

Traders can enter around 44500 with a stop loss below 44280 for the upside movement till 44750—44900 levels in an intraday trading session.

Stock Pick of the day

NAUKRI (30/08/2923)

Buy Naukri above 4280 for the upside move till 4380 and then to 4450 levels in the coming days. Stop loss below 4180.

*T&C Apply…