After a free fall a sharp bounce may expect for the day...

EQUITY BULLETIN FOR 25 FEB 2022 The market suffered one of its worst drawdowns in the recent months as it opened low, grew weaker as the day progressed and ended the day with a deep cut. At close, the Sensex was down 2,702.15 points or 4.72% at 54,529.91, and the Nifty was down 815.30 points or 4.78% at 16,248.00. About 240 shares have advanced, 3084 shares declined, and 69 shares are unchanged. All the sectoral indices ended with a loss of 3-8 percent, while BSE midcap and Nifty Futures Nifty has resistance around 16300 if it breaks and sustains above 16300 will see an upside rally till 16450---16500 levels in an intraday session. Else Nifty has support around 16100, breaks below 16100 will see intraday fall till 15950---15900 levels. Trading strategy Traders can buy Nifty Future above 16300 with a stop loss below 16215 levels for an upside movement till 16400---16450 levels in an intraday session. Bank Nifty Futures Bank Nifty has resistance around 35350, breaks and sustains above 35350 will see an upside movement till 35720--35930 levels in an intraday session. Otherwise, Support around 35050, breaks below 35050 will see an intraday downside fall till 34570---34500 levels. Trading Strategy Traders can buy Banknifty Future above 35350 with a stop loss below 35230 for an upside movement till 35500---35720 levels in an intraday trading session. Stock Pick of the day Sunteck Realty Ltd Buy SUNTECK above 447 levels, stop loss below 435 levels, for an upside movement till 460---465 +++ levels in the coming days.

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