A sharp sell-off continues in the market...

EQUITY BULLETIN ON 29 OCT 2021

Nifty Future

Nifty has resistance around 18000 if it breaks and sustains above 18000 will see an upside rally till 18150---18180 levels in an intraday session.

Else Nifty has support around 17800, breaks below 17800 will see intraday fall till 17700---17650 levels.

Trading strategy

Traders can sell Nifty Future below 17900 with a stop loss above 18000 levels for a downside movement till 17750---17650 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 39300---39150 levels in an intraday trading session.

Stock Pick of the day

Sell GODREJCP FUTURE around 995 levels, stop loss above 1015 levels, for a downside movement till 970---960 in an intraday session. *T&C Apply...