A Mixed Opening Will Expect for the Day...

EQUITY BULLETIN FOR 26 FEBRUARY 2024

Nifty Future Overview

Nifty hit new life highs for five consecutive days in the last week. Nifty formed a slightly bearish candle in the last trading session.

Now, Nifty has near support around 22100 and upside near hurdle around 22300 levels. Break and sustain above 22300 will take it towards 22400-22460 levels.

On the other side, Nifty has near support around 22100 levels, break and sustain below 22100 will expect a downside fall till 22000-21950 levels. Any sharp dip will be the best buying opportunity for the traders.

Trading strategy

Traders can Buy Nifty Futures on dip around 22150 with a stop loss below 22040 levels for the upside movement till 22260— 22300 levels.

Bank Nifty Overview

Bank Nifty is moving in a small range and closed on a slightly weak note in the last trading session. We will expect a fresh upside breakout in upcoming sessions. Bank Nifty's future has near major around 46450 and near resistance around 47100, breaks and sustains above 47100 will see an upside movement till 47350-47500 levels.

On the lower side, Bank Nifty has a near major support around 46450, a break and sustain below 46450 will see a downside fall to 46300 levels. Any sharp dip around support will be a good opportunity for the traders.

Trading Strategy

Buy Bank Nifty Future on dip around 46600 with a stop loss below 46350 for the upside movement till 46900—47100 levels in an intraday trading session.

Trade cautiously with levels only.

Stock Pick of the Day

DELTACORP (26/02/2024)

Buy DELTACORP Futures around 146 for the upside move till 150 and then to 154 levels in the coming days. Stop loss below 142.

**T&C Apply...