A High Voltage Session Will Expect for the day

EQUITY BULLETIN FOR 01 FEBRUARY 2023

Nifty Futures

Nifty achieved our intraday targets in the last trading session. Now Nifty has near support around 17500 and upside hurdle around 17800 levels. Break and sustain above 17800 will see fresh upside move till 17950-18050 levels in the upcoming trading sessions.

On the other side, Nifty has near support around 17500 levels, break and close below 17500 will see a downside fall till 17400-17250 levels.

Trading strategy

Traders can Buy Nifty Future above 17800 with a stop loss below 17650 levels for the upside movement till 17950 — 18050 levels.

Bank Nifty Futures

Bank Nifty managed to close above 41000 levels. Bank Nifty has near resistance around 41200, breaks and sustains above 41200 will see an upside movement till 41400-41650 levels.

We have a downside support around 40400, breaks below 40400 will see a downside fall till 40000 level in an upcoming session.

Trading Strategy

Traders can buy Banknifty Future around 41200 with a stop loss below 40800 for the upside movement till 41450—41800 levels in an intraday trading session.

Stock Pick of the day

SWSOLAR

Buy Swsolar around 285 for the upside move till 300 and then to 310 levels in the coming days. Stop loss below 270.

*T&C Apply…