After A Roller Coster Ride Market looks Slightly Stable on the Charts

EQUITY BULLETIN FOR 02 FEBRUARY 2023

Nifty Futures

After a roller coster ride, Nifty looks slightly stable on the charts. Now Nifty has near support around 17600 and upside hurdle around 17800 levels. Break and sustain above 17800 will see fresh upside move till 17950-18050 levels in the upcoming trading sessions.

On the other side, Nifty has near support around 17600 levels, break and close below 17600 will see a downside fall till 17500-17450 levels.

Trading strategy

Traders can Buy Nifty Future around 17600 with a stop loss below 17450 levels for the upside movement till 17750 — 17800 levels.

Bank Nifty Futures

Bank Nifty still looks volatile on the charts. Bank Nifty has near resistance around 41500, breaks and sustains above 41500 will see an upside movement till 41800-42000 levels.

We have a downside support around 40300, breaks below 40300 will see a downside fall till 40000 level in an upcoming session.

Trading Strategy

Traders can Sell Banknifty Future around 41400 with a stop loss above 41800 for the downside movement till 41100—40800 levels in an intraday trading session.

Stock Pick of the day

ASHOK LEYLAND

Buy Ashokley above 153 for the upside move till 158 and then to 162 levels in the coming days. Stop loss below 149.

*T&C Apply…