A positive weekly opening may expect from the market...

EQUITY BULLETIN FOR 27 JUNE 2022

Nifty Futures

The market bounced from lower levels in the last week and settled on a positive note. Now Nifty has a near resistance zone around 15900 if it breaks and a sustain above 15900 will see an upside rally till 16000 — 16050 levels in the upcoming trading sessions.

On the other side, the Nifty has near support around 15600 levels, break and close below 15600 will see a downside fall till 15500-15400 levels.

Trading strategy

Traders can buy Nifty Future above 15750 with a stop loss below 15600 levels for the upside movement till 15900 — 16000 levels.

Bank Nifty Futures

Bank Nifty formed a slightly bullish pattern on the lower levels. Bank Nifty has near resistance around 33888, breaks and sustains above 33888 will see an upside movement till 34150-34300 levels.

We have downside support around 33400, breaks below 33400 will see a fresh downside fall till 33100-33000 levels in an upcoming session.

Trading Strategy

Traders can buy Banknifty Future above 33888 with a stop loss below 33500 for the upside movement till 34150—34300 levels in an intraday trading session.

Stock Pick of the day

ZEEL

Buy ZEEL above 223 for the upside move till 230 and then to 235 levels in the coming days. Stop loss below 215.

*T&C Apply…