A Short Covering Will expect for the day

EQUITY BULLETIN FOR 03 FEBRUARY 2023

Nifty Futures

Nifty performed well as per expectations in the last trading session. Now Nifty has near support around 17500 and upside hurdle around 17750 levels. Break and sustain above 17750 will see fresh upside move till 17850-17950 levels in the upcoming trading sessions.

On the other side, Nifty has near support around 17500 levels, break and close below 17500 will see a downside fall till 17400-17350 levels.

Trading strategy

Traders can Buy Nifty Future above 17750 with a stop loss below 17600 levels for the upside movement till 17880— 17950 levels.

Bank Nifty Futures

Bank Nifty looks slightly positive after a zigzag move. Bank Nifty has near resistance around 41200, breaks and sustains above 41200 will see an upside movement till 41500-41800 levels.

We have a downside support around 40400, breaks below 40400 will see a downside fall till 40000 level in an upcoming session.

Trading Strategy

Traders can Buy Banknifty Future above 41200 with a stop loss below 40800 for the upside movement till 41500—41800 levels in an intraday trading session.

Stock Pick of the day

DLF

Buy DLF around 350 for the upside move till 360 and then to 365 levels in the coming days. Stop loss below 340.

*T&C Apply…