A Range-Bound Session Will Expect in Domestic Markets...

EQUITY BULLETIN FOR 27 MARCH 2024

Nifty Future Overview

Following a volatile start with a gap-down opening, Nifty showcased resilience but faced a downturn in the final hours, setting the stage for a range-bound session amid impending market volatility ahead of the financial year-end. Nifty futures currently hover near crucial support levels at 21950, with resistance at 22150. A breach and sustained movement above 22150 could propel Nifty towards levels of 22220-22300. Conversely, a downturn below 21950 may trigger a sharp decline to 21880-21800 levels, presenting buying opportunities for astute traders.

Trading Strategy for Nifty Futures Traders are advised to consider buying Nifty Futures upon surpassing the 22150 mark, with a stop loss set below 22000 for potential gains up to 22250—22300 levels.

Bank Nifty Overview Bank Nifty exhibited resilience by holding its nearby support levels in the last trading session, though indicators suggest heightened volatility in the near term. With critical support levels at 46600-46500 and resistance at 47000, sustained movement beyond 47000 could lead Bank Nifty towards 47300-47500 levels. Conversely, a breach below 46500 may drive it down to 46300-46200 levels. Trading Strategy

Buy Bank Nifty Future around 46600 with a stop loss below 46300 for the upside movement till 46900—47100 levels in an intraday trading session.

In conclusion, traders are advised to remain vigilant amidst market fluctuations and capitalize on strategic entry and exit points to optimize their trading endeavors.

Stock Pick of the Day

MANAPPURAM (27/03/2024)

Buy Manappuram April around 176 for the upside move till 179.50 and then to 182 levels in the coming days. Stop loss below 173.      Stay tuned for further insights and updates from Millennial Investor Services - Your Trusted Stock Market Advisory Partner. Stock market analysis, Nifty futures, Bank Nifty, Trading strategies, Market volatility, Financial year-end, Technical analysis, Support and resistance levels, Trading opportunities, and Market trends. ***T&C Apply...