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

EQUITY BULLETIN FOR 29 MARCH 2022

Nifty Futures

Nifty has resistance around 17350 if it breaks and sustains above 17350 will see an upside rally till 17500 — 17650 levels in an intraday session.

Else Nifty has support around 17150, break below 17150 will see intraday downside fall till 17000 — 16950 levels in an intraday session.

Trading strategy

Traders can buy Nifty Future around 17250 with a stop loss below 17150 levels for an upside movement till 17350 — 17500 levels in an intraday session.

Bank Nifty Futures

Bank Nifty has resistance around 36100, breaks and sustains above 36100 will see an upside movement till 36450–36700 levels in an intraday session.

Otherwise, Support around 35500, breaks below 35500 will see an intraday downside fall till 35200—35000 levels in an intraday session.

Trading Strategy

Traders can buy Banknifty Future around 35900 with a stop loss below 35500 for an upside movement till 36250—36400 levels in an intraday trading session.

Stock Pick of the day

VEDANTA LIMITED (VEDL)

Buy VEDL above 417 with a stop loss below 410 levels, for an upside movement till 423—426 levels in the coming days.

*T&C Apply…