A sharp short covering will expect for the day...

EQUITY BULLETIN FOR 09 FEB 2022

Nifty Futures

Nifty has resistance around 17300 if it breaks and sustains above 17300 will see an upside rally till 17450---17500 levels in an intraday session.

Else Nifty has support around 17100, breaks below 17100 will see intraday fall till 16950---16850 levels.

Trading strategy

Traders can buy Nifty Future above 17300 with a stop loss below 17180 levels for an upside movement till 17450---16500 levels in an intraday session.

Bank Nifty Futures

Bank Nifty has resistance around 38300, breaks and sustains above 38300 will see an upside movement till 38600--38750 levels in an intraday session.

Otherwise, Support around 37600, breaks below 37600 will see an intraday downside fall till 37380---37150 levels.

Trading Strategy

Traders can buy Banknifty Future above 38300 with a stop loss below 38000 for an upside movement till 38600---38750 levels in an intraday trading session.

Stock Pick of the day

Buy RELIANCE around 2350 levels, stop loss below 2300 levels, for an upside movement till 2400---2420 +++ levels in the coming days. *T&C Apply...