A slightly weak start will expect for the day...

EQUITY BULLETIN FOR 19 JULY 2022

Nifty Futures

The market outperformed in the last trading session. Now Nifty has a near resistance zone around 16350 if it breaks and sustains above 16350 will see an upside rally till 16450 —16550 levels in the upcoming trading sessions.

On the other side, the Nifty has near support around 16100 levels, break and close below 16100 will see a downside fall till 16000-15950 levels.

Trading strategy

Traders can buy Nifty Future around 16150 with a stop loss below 16000 levels for the upside movement till 16250 — 16300 levels.

Bank Nifty Futures

Bank Nifty formed a bullish pattern and is ready for a fresh breakout. Bank Nifty has near resistance around 35700, breaks and sustains above 35700 will see an upside movement till 36000-36200 levels.

We have downside support around 35200, breaks below 35200 will see a fresh downside fall till 35000 level in an upcoming session.

Trading Strategy

Traders can buy Banknifty Future around 35300 with a stop loss below 35000 for the upside movement till 35550—35700 levels in an intraday trading session.

Stock Pick of the day

ABFRL

Buy ABFRL around 260 for the upside move till 266 and then to 270 levels in the coming days. Stop loss below 254.

*T&C Apply…