A small gap-down opening will expect for the week...

EQUITY BULLETIN FOR 22 AUGUST 2022

Nifty Futures

The market looks slightly weak but the overall trend is still bullish. Nifty has crucial support around 17600 and upside resistance around 17850. Break and sustain above 17850 will test 17950 and then to 18000 levels in upcoming sessions.

On the other side, the Nifty has near support around 17600 levels, break and close below 17600 will see a downside fall till 17500 levels.

Trading strategy

Traders can buy Nifty Future around 17600 with a stop loss below 17480 levels for the upside movement till 17750 — 17820 levels.

Bank Nifty Futures

Bank Nifty has given a sharp fall in the last trading session. Bank Nifty has near resistance around 39300, breaks and sustains above 39300 will see an upside movement till 39400-39600 levels.

We have downside support around 38700, breaks below 38700 will see a fresh downside fall till 38500-38350 levels in an upcoming session.

Trading Strategy

Traders can buy Banknifty Future around 38400 with a stop loss below 38100 for the upside movement till 38700—38900 levels in an intraday trading session.

Stock Pick of the day

ZEEL

Buy Zeel on dips around 254 for the upside move till 264 and then to 268 levels in the coming days. Stop loss below 245.

*T&C Apply…