A Slightly Positive Opening Will Expect for the day

EQUITY BULLETIN FOR 14 JULY 2023

Nifty Futures

Nifty Futures erased all the gains in the second half in the last trading session. Now Nifty has near support around 19440 and upside crucial hurdle around 19580 levels. Break above 19580 will see an upside move till 19630-19680 levels in the upcoming trading session.

On the other side, Nifty has crucial support around 19440 levels, break and sustain below 19440 will see a downside fall till 19380-19350 levels.

Trading strategy

Traders can Sell Nifty Future around 19570 with a stop loss above 19650 levels for the downside movement till 19500 — 19450 levels.

Bank Nifty Futures

Bank Nifty too erased all intraday gains in the last trading session and closed around the crucial support zone. Bank Nifty has near resistance around 45200, breaks and sustains above 45200 will see an upside movement till 45400-45500 levels.

On the lower side, Bank Nifty has a major support around 44800, break and sustain below 44800 will see a fresh downfall fall till 44500 levels.

Trading Strategy

Traders can Buy Bank Nifty Future around 44600 with a stop loss below 44350 for the upside movement till 44900—45100 levels in an intraday trading session.

Stock Pick of the day

Jindal Steel

Buy Jindal Steel 630 CE above 24 for the upside move till 30 and then to 35 levels in the coming days. Stop loss below 17.

*T&C Apply…