After Nifty, Now Bank Nifty Eyes On Fresh Lifetime Highs...

EQUITY BULLETIN FOR 18 SEPTEMBER 2023

Nifty Futures

Nifty is trading in a higher highs and higher lows formation from the past two weeks and again given a highest closing ever in the last trading session. We are expecting more upside move in upcoming sessions.

Now Nifty Futures has near support around 20150 and upside near hurdle around 20300 levels. Break above 20300 will see an upside move till 20360-20400 levels. Buy on any sharp dip will be a good entry for the traders.

On the other side, Nifty has immediate support around 20150 levels, break and sustain below 20150 will see a downside fall till 20080-20050 levels.

Trading strategy

Traders can Buy Nifty Future on dip around 20150 with a stop loss below 20040 levels for the upside movement till 20250— 20300 levels.

Bank Nifty Futures

Bank Nifty approaching towards fresh life time highs and again closed on a bullish note in the last trading session. Bank Nifty has near support around 45900 and near resistance around 46400, breaks and sustains above 46400 will see an upside movement till 46550-46700 levels.

On the lower side, Bank Nifty has a major support around 45900, break and sustain below 45900 will see a fresh downfall fall till 45700 levels.

Trading Strategy

Traders can buy Bank Nifty on around 46050 with a stop loss below 45750 for the upside movement till 46250—46400 levels in an intraday trading session.

Stock Pick of the day

TATA STEEL (18/09/2023)

Buy Tata Steel above 133 for the upside move till 138 and then to 140 levels in the coming days. Stop loss below 129.

*T&C Apply…