A huge volatility may expect due to RBI Policy...

EQUITY BULLETIN FOR 08 JUNE 2022

Nifty Futures

Now the Nifty has given a weak close in the last trading session. Now Nifty has near resistance around 16500 if it breaks and a daily close above 16500 will see a sharp upside rally till 16600 — 16650 levels in the upcoming trading sessions.

On the other side, the Nifty has major support around 16350, a break and close below 16350 will see a downside fall till 16200 —16150 levels in the upcoming session.

Trading strategy

Traders can buy Nifty Future around 16420 with a stop loss below 16350 levels for the upside movement till 16550 — 16600 levels.

Bank Nifty Futures

We will expect some volatility due to RBI policy. Bank Nifty has near resistance around 35300, breaks and sustains above 35300 will see an upside movement till 36500-36600 levels.

Otherwise, major support range around 34900, breaks below 34900 will see a fresh downside fall till 34700-34500 levels in an upcoming session.

Trading Strategy

Traders can buy Banknifty Future above 35300 with a stop loss below 34900 for the upside movement till 35600—35800 levels in an intraday trading session.

Stock Pick of the day

AB CAPITAL

Buy AB Capital above 105 for the upside move till 108 and then to 110 levels in the coming days. Stop loss below 102.

*T&C Apply…