A sharp down opening will expect due to global sell off...

EQUITY BULLETIN FOR 19 MAY 2022 Nifty Futures A huge gap down opening will expect for the day due to global sell off. Now Nifty has major resistance around 16400, next upside rally will only expect on close above 16400 till 16600 — 16800 levels in an intraday session. On the other side, Nifty has major support around 15900, break and close below 15900 will see a downside fall till 15800 — 15700 levels in an intraday session. Trading strategy Traders can sell Nifty Future around 16200 with a stop loss above 16400 levels for the downside movement till 16050 — 15900 levels in an intraday session. Bank Nifty Futures Bank Nifty has given a weak close in the last trading session. Bank Nifty has resistance around 34500, breaks and sustains above 34500 will see an upside movement till 34750-35000 levels in an intraday session. Otherwise, near support around 33500, breaks below 33500 will see a fresh downside fall till 33300-33000 levels in an upcoming session. Trading Strategy Traders can sell Banknifty Future below 34000 with a stop loss above 34300 for the downside movement till 33700—33500 levels in an intraday trading session. Stock Pick of the day CANARA BANK Sell Canbk Deltacorp around 200 for the downside move till 193 and then to 188 levels in the coming days. Stop loss below 206. *T&C Apply…