A huge gap down move will expect for the day...

EQUITY BULLETIN FOR 21 JAN 2022

Nifty Futures

Nifty has resistance around 17850 if it breaks and sustains above 17850 will see an upside rally till 17970---18000 levels in an intraday session.

Else Nifty has support around 17750, breaks below 17750 will see intraday fall till 17650---17620 levels.

Trading strategy

Traders can buy Nifty Future above 17850 with a stop loss below 17750 levels for an upside movement till 17970---18000 levels in an intraday session.

Bank Nifty Futures

Bank Nifty has resistance around 38100, breaks and sustains above 38100 will see an upside movement till 38350--38400 levels in an intraday session.

Otherwise, Support around 37800, breaks below 37800 will see an intraday downside fall till 37600---37550 levels.

Trading Strategy

Traders can buy Banknifty Future above 38100 with a stop loss below 37800 for an upside movement till 38350---38400 levels in an intraday trading session.

Stock Pick of the day

Buy MAZADOCK above 284 levels, stop loss below 275 levels, for an upside movement till 295---300 levels in the coming days. *T&C Apply...