A Gap Up Opening Will Expect for the day

EQUITY BULLETIN FOR 19 JULY 2023

Nifty Futures

Nifty Futures performed well as per our expectations in the last trading session. Now Nifty has near support around 19650 and upside crucial hurdle around 19800 levels. Break above 19800 will see an upside move till 19890-19950 levels in the upcoming trading session.

On the other side, Nifty has near support around 19650 levels, break and sustain below 19650 will see a sharp profit booking till 19550-19500 levels.

Trading strategy

Traders can Buy Nifty Future around 19720 with a stop loss below 19650 levels for the upside movement till 19820 — 19850 levels.

Bank Nifty Futures

Bank Nifty again achieved our given target in the last trading session. Bank Nifty has near resistance around 45600, breaks and sustains above 45600 will see an upside movement till 45750-45900 levels.

On the lower side, Bank Nifty has a major support around 45300, break and sustain below 45300 will see a small correction till 45000 levels.

Trading Strategy

Traders can Buy Bank Nifty Future above 45600 with a stop loss below 45400 for the upside movement till 45800—46000 levels in an intraday trading session.

Stock Pick of the day

AU BANK

Buy AU Bank Fut above 775 for the upside move till 788 and then to 798 levels in the coming days. Stop loss below 760.

*T&C Apply…