A positive move will expect for the day...

EQUITY BULLETIN FOR 12 JAN 2022

Nifty Future

Nifty has resistance around 18135 if it breaks and sustains above 18100 will see an upside rally till 18350---18400 levels in an intraday session.

Else Nifty has support around 17900, breaks below 17900 will see intraday fall till 17800---17750 levels.

Trading strategy

Traders can buy Nifty Future above 18135 with a stop loss below 18000 levels for an upside movement till 18350---18400 levels in an intraday session.

Bank Nifty Future

Bank Nifty has resistance around 38600, breaks and sustains above 38600 will see upside movement till 38900--39000 levels in an intraday session.

Otherwise, Support around 38200, breaks below 38200 will see an intraday downside fall till 37900---37750 levels.

Trading Strategy

Traders can buy Banknifty Future above 38600 with a stop loss below 38350 for an upside movement till 38900---39000 levels in an intraday trading session.

Stock Pick of the day

Buy PHOENIX LTD around 975 levels, stop loss below 945 levels, for an upside movement till 1020---1040 +++ levels in coming days. *T&C Apply...