Again a weak start expect due to Russia-Ukraine tension...

EQUITY BULLETIN FOR 22 FEB 2022

Nifty Futures

Nifty has resistance around 17350 if it breaks and sustains above 17350 will see an upside rally till 17500---17550 levels in an intraday session.

Else Nifty has support around 17120, breaks below 17120 will see intraday fall till 17000---16900 levels.

Trading strategy

Traders can sell Nifty Future below 17120 with a stop loss above 17260 levels for a downside movement till 17000---16900 levels in an intraday session.

Bank Nifty Futures

Bank Nifty has resistance around 38000, breaks and sustains above 38000 will see an upside movement till 38500--38700 levels in an intraday session.

Otherwise, Support around 37500, breaks below 37500 will see an intraday downside fall till 37100---36850 levels.

Trading Strategy

Traders can sell Banknifty Future below 37500 with a stop loss above 37850 for a downside movement till 37100---36850 levels in an intraday trading session.

Stock Pick of the day

Buy MARICO above 505 levels, stop loss below 495 levels, for an upside movement till 520---528 +++ levels in the coming days. *T&C Apply...