A reversal may expect from the market from current levels...

EQUITY BULLETIN FOR 26 APRIL 2022

Nifty Futures

We have seen a sharp fall in the last trading session. Now Nifty has resistance around 17100 if it breaks and close above 17100 will see an upside rally till 17220 — 17300 levels in an intraday session.

Nifty has major support around 16880, an break below 16880 will see a major downside fall till 16800 — 16700 levels in an intraday session.

Trading strategy

Traders can buy Nifty Future around 17000 with a stop loss below 16880 levels for an upside movement till 17140 — 17200 levels in an intraday session.

Bank Nifty Futures

Bank Nifty closed with a reversal candle on lower levels in the last trading session. Bank Nifty has resistance around 36500, breaks and sustains above 36500 will see an upside movement till 36800–37000 levels in an intraday session.

Otherwise, Support around 35800, breaks below 35800 will see fresh downside fall till 35500 levels in an upcoming session.

Trading Strategy

Traders can buy Banknifty Future above 36100 with a stop loss below 35800 for the upside movement till 36400—36500 levels in an intraday trading session.

Stock Pick of the day

GUJGASLTD

Buy Gujgasltd around 519 for the upside move till 530 and then to 540 levels in the coming days. Stop-loss above 508.

*T&C Apply…