After Expiry Crackdown will Markets Recover or not?

EQUITY BULLETIN FOR 28 JULY 2023

Nifty Futures

Nifty Futures cracked due to expiry pressure in the last trading session. Now Nifty Futures has near support around 19750 and upside crucial hurdle around 19900 levels. Break above 19900 will see an upside move till 20000 levels in the upcoming trading session. The fresh bull run will expect on close above 20000 levels.

On the other side, Nifty has immediate support around 19750 levels, break and sustain below 19750 will see a downside fall till 19680-19620 levels.

Trading strategy

Traders Sell Buy Nifty Future around 19950 with a stop loss above 20040 levels for the downside movement till 19670— 19600 levels.

Bank Nifty Futures

Bank Nifty managed to close above the crucial level of 46000 in the last trading session. Bank Nifty has near resistance around 46350, breaks and sustains above 46250 will see an upside movement till 46450-46600 levels.

On the lower side, Bank Nifty has a major support around 45800, break and sustain below 45800 will see a fresh downfall fall till 45500 levels.

Trading Strategy

Traders can Buy Bank Nifty Future above 46250 with a stop loss below 45900 for the upside movement till 46450—46600 levels in an intraday trading session.

Stock Pick of the day

CDSL

Buy CDSL around 1215-1210 for the upside move till 1245 and then to 1265 levels in the coming days. Stop loss below 1180.

*T&C Apply…