After A Sluggish Move Market is Ready For A Big Move

EQUITY BULLETIN FOR 23 JANUARY 2023

Nifty Futures

Nifty witnessed a dull move in the last week. Now Nifty has near support around 17900 and upside hurdle around 18180 levels. Break above 18180 will see fresh upside move till 18250-18300 levels in the upcoming trading sessions.

On the other side, Nifty has near support around 17900 levels, break and close below 17900 will see a downside fall till 17800-17750 levels.

Trading strategy

Traders can Buy Nifty Future above 18180 with a stop loss above 18050 levels for the upside movement till 18250 — 18340 levels.

Bank Nifty Futures

Bank Nifty is trading above the crucial support zone. Bank Nifty has near resistance around 42800, breaks and sustains above 42800 will see an upside movement till 43100-43250 levels.

We have a downside support around 42300, breaks below 42300 will see a downside fall till 42000 level in an upcoming session.

Trading Strategy

Traders can buy Banknifty Future around 42500 with a stop loss below 42300 for the upside movement till 42800—43100 levels in an intraday trading session.

Stock Pic of the day

INOX GREEN

Buy Inox Green around for 51 the upside move till 55 and then to 58 levels in the coming days. Stop loss below 48.

*T&C Apply…