A Negative Opening Will Expect for the day.

EQUITY BULLETIN FOR 10 FEBRUARY 2023

Nifty Futures

Nifty Futures again recovered well from the lower levels in the last trading session. Now Nifty has near support around 17800 and upside crucial hurdle around 18000 levels. Break above 18000 will see an upside move till 18080-18150 levels in the upcoming trading session.

On the other side, Nifty has crucial support around 17800 levels, break and close below 17800 will see a downside fall till 17700 levels.

Trading strategy

Traders can Sell Nifty Future below 17900 with a stop loss above 18020 levels for the downside movement till 17800 — 17750 levels.

Bank Nifty Futures

Bank Nifty achieved our initial target in the last trading session. Bank Nifty has near resistance around 41800, breaks and sustains above 41800 will see an upside movement till 42000-42250 levels.

On the lower side, Bank Nifty has a major support around 41300, break and a daily close below 41300 will see a fresh downfall fall till 41000 levels.

Trading Strategy

Traders can Buy Bank Nifty Future above 41800 with a stop loss below 41500 for the upside movement till 42050—42200 levels in an intraday trading session.

Stock Pick of the day

Tata Power

Sell Tata Power Future below 204 for the downside move till 200 and then to 198 levels in the coming days. Stop loss above 208.

*T&C Apply…