A sharp profit booking may expect from the higher levels...

EQUITY BULLETIN ON 20 OCT 2021

Nifty Future

Nifty has resistance around 18500 if it breaks and sustains above 18500 will see an upside rally till 18600---18650 +++ levels in an intraday session.

Else Nifty has support around 18400, breaks below 18400 will see intraday fall till 17280---17250 levels.

Trading strategy

Traders can sell Nifty Future below 18400 with a stop loss above 18500 levels for a downside movement till 18250---18200 levels in an intraday session.

Bank Nifty Future

Bank Nifty has resistance around 40000, breaks and sustains above 40000 will see upside movement till 40300--40500 levels in an intraday session.

Otherwise, Support around 39500, breaks below 39500 will see an intraday downside fall till 39300---39150 levels.

Trading Strategy

Traders can sell Banknifty Future below 39500 with a stop loss above 39800 for a downside movement till 39250---39100 levels in an intraday trading session.

Stock Pick of the day

Sell COLPAL FUTURE around 1650 levels, stop loss above 1680 levels, for a downside movement till 1615---1600 in an intraday session. *T&C Apply...