Again a huge gap-down opening will expect for the day...

EQUITY BULLETIN FOR 27 APRIL 2022

Nifty Futures

A gap-down move will expect for the day. Now Nifty has resistance around 17150 if it breaks and sustain above 17150 will see an upside rally till 17220 — 17300 levels in an intraday session.

Nifty has major support around 16880, an break below 16880 will see a major downside fall till 16800 — 16700 levels in an intraday session.

Trading strategy

Traders can sell Nifty Future below 17000 with a stop loss above 17150 levels for the downside movement till 16880 — 16850 levels in an intraday session.

Bank Nifty Futures

Bank Nifty formed a small red candle in the last trading session. Bank Nifty has resistance around 36600, breaks and sustains above 36600 will see an upside movement till 36800–37000 levels in an intraday session.

Otherwise, Support around 36000, breaks below 36000 will see fresh downside fall till 35800-35700 levels in an upcoming session.

Trading Strategy

Traders can sell Banknifty Future below 36000 with a stop loss below 36250 for the downside movement till 35800—35700 levels in an intraday trading session.

Stock Pick of the day

APOLLO TYRE

Buy Apollo Tyre around 200 for the upside move till 205 and then to 208 levels in the coming days. Stop-loss above 195.

*T&C Apply…