A strong positive move will expect for the opening day of 2022...

WEEKLY EQUITY BULLETIN FROM 03 JAN TO 07 JAN

After staying in a range for the two sessions in a row, the bulls took charge of Dalal Street on the last day of the year 2021 and ended with nearly a percent gain amid mixed global cues. In the last week, BSE Sensex jumped 1,129.51 points (1.98 percent) to end at 58,253.82, while the Nifty50 rose 350.25 points (2 percent) to close at 17,354 levels.

Broader indices outperformed the main indices with BSE midcap and smallcap indices rising over 1 percent each. All the sectoral indices ended higher with BSE Auto, Bankex, FMCG, Metal, Oil & Gas, and Realty indices gaining 1-2 percent.

Nifty Future

On the weekly basis, the Nifty future has resistance around 17700, if it breaks and closes above 17700 will see an upside rally till 18000 and further to 18250 levels in upcoming trading sessions.

Major support around 16900, if it breaks & closes below 16900 will see sharp downside panic till 16700 and then to 16500 levels in upcoming trading sessions.

Intraday Levels

Nifty Future has resistance around 17500, breaks above 17500 will see intraday upside movement till 17600---17650 levels while Support around 17250, breaks below 17250 will see intraday sell-off till 17150---17100 levels on the Monday trading session.

Bank Nifty Future

On the weekly basis, Bank Nifty future has resistance around 36200, if it breaks and closes above 36200 will see an upside rally till 36900 and further to 37500 levels in upcoming trading sessions.

Major Support around 34700, if it breaks and close below 34700 will see downside fall till 34000 and further to 33700 levels in upcoming trading sessions.

Intraday Levels

Bank Nifty Future has resistance around 35850, breaks above 35850 will see an intraday upside movement till 36000---36100 levels while Support around 35300, breaks below 35300 will see intraday sell-off till 35000---34900 levels on the Monday trading session.

Weekly Top Pick Stock

Hindalco Industries

Buy HINDALCO FUTURE around 470 with a stop loss below 448 levels for an upside movement till 495----510 +++ levels in days to come.

KNR Constructions

Buy KNRCON above 303 with a stop loss below 280 levels for an upside movement till 328----335 +++ levels in days to come. *T&C Apply...