A short-covering may expect from the market...

EQUITY BULLETIN FOR 28 JAN 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 17000, breaks below 17000 will see intraday fall till 16850---16800 levels.

Trading strategy

Traders can buy Nifty Future around 17100 with a stop loss below 17000 levels for an upside movement till 17400---17500 levels in an intraday session.

Bank Nifty Futures

Bank Nifty has resistance around 38100, breaks and sustains above 38100 will see an upside movement till 38500--38750 levels in an intraday session.

Otherwise, Support around 37400, breaks below 37400 will see an intraday downside fall till 37000---36850 levels.

Trading Strategy

Traders can buy Banknifty Future around 37700 with a stop loss below 37400 for an upside movement till 38350---38500 levels in an intraday trading session.

Stock Pick of the day

Buy AU BANK around 1260 levels, stop loss below 1225 levels, for an upside movement till 1300---1320 +++ levels in the coming days. *T&C Apply...