A Positive Start Will Expect For the Week...

EQUITY BULLETIN FOR 31 JULY 2023

Nifty Futures

Nifty Futures recovered well from the lower levels and formed a small reversal sign in the last trading session. Now Nifty Futures has near support around 19650 and upside near hurdle around 19780 levels. Break above 19780 will see an upside move till 19850-19900 levels in the upcoming trading session. The further bull run will expect on close above 19900 levels.

On the other side, Nifty has immediate support around 19650 levels, break and sustain below 19650 will see a downside fall till 19580 levels.

Trading strategy

Traders Buy Nifty Future above 19780 with a stop loss below 19680 levels for the upside movement till 19860— 19900 levels.

Bank Nifty Futures

Bank Nifty futures dragged after the breakdown of major support level in the last trading session. Bank Nifty has near resistance around 45750, breaks and sustains above 45750 will see an upside movement till 46900-46100 levels.

On the lower side, Bank Nifty has a major support around 45500, break and sustain below 45500 will see a fresh downfall fall till 45300 levels.

Trading Strategy

Traders can Buy Bank Nifty Future above 45750 with a stop loss below 45500 for the upside movement till 45950—466100 levels in an intraday trading session.

Stock Pick of the Day

Graphite

Buy Graphite above 425 for the upside move till 440 and then to 450 levels in the coming days. Stop loss below 410.

*T&C Apply…