A gap-up opening will expect but be cautious at higher levels...

EQUITY BULLETIN FOR 21 DEC 2021

Nifty Future

Nifty has resistance around 16700 if it breaks and sustains above 16700 will see an upside rally till 16850---17900 levels in an intraday session.

Else Nifty has support around 16450, breaks below 16450 will see intraday fall till 16300---16200 levels.

Trading strategy

Traders can buy Nifty Future above 16700 with a stop loss below 16500 levels for an upside movement till 16850---16900 levels in an intraday session.

Bank Nifty Future

Bank Nifty has resistance around 34800, breaks and sustains above 34800 will see upside movement till 35100--35250 levels in an intraday session.

Otherwise, Support around 34200, breaks below 34200 will see an intraday downside fall till 33900---33750 levels.

Trading Strategy

Traders can buy Banknifty Future above 34650 with a stop loss below 34200 for an upside movement till 35000---35250 levels in an intraday trading session.

Stock Pick of the day

Buy HINDUNILVR Future above 2275 levels, stop loss below 2237 levels, for an upside movement till 2330 +++ levels in coming days. *T&C Apply...