A range bound session may expect from the market...

EQUITY BULLETIN ON 16 NOV 2021

Nifty Future

Nifty has resistance around 18250 if it breaks and sustains above 18250 will see an upside rally till 18340---18400 +++ levels in an intraday session.

Else Nifty has support around 18080, breaks below 18080 will see intraday fall till 17950---17900 levels.

Trading strategy

Traders can buy Nifty Future above 18250 with a stop loss below 18080 levels for an upside movement till 18350---18400 levels in an intraday session.

Bank Nifty Future

Bank Nifty has resistance around 39050, breaks and sustains above 39050 will see upside movement till 39300--39500 levels in an intraday session.

Otherwise, Support around 38700, breaks below 38700 will see an intraday downside fall till 38500 levels.

Trading Strategy

Traders can buy Bank Nifty Future above 39050 with a stop loss below 38700 for an upside movement till 39300--39500 levels in an intraday trading session.

Stock Pick of the day

Buy Glenmark Future above 544 levels, stop loss below 524 levels, for an upside movement till 565---580 +++ levels in days to come. *T&C Apply...