Again Bulls are Leading From the Front...

EQUITY BULLETIN FOR 28 DECEMBER 2023

Nifty Futures

Nifty Futures witnessed a strong bull run and given a highest closing ever in the last trading session. Now, Nifty Futures has major support around 21500 and upside near hurdle around 21720 levels. Break and sustain above 21720 will take it towards 21780-21820 levels in the upcoming trading sessions.

On the other side, Nifty has major support around 21500 levels, break and sustain below 21500 will expect a downside till 21400 levels.

Trading strategy

 Traders can Buy Nifty Future around 21600 with a stop loss below 21500 levels for the upside movement till 21720— 21760 levels.

Bank Nifty Futures

Bank Nifty jumped well as per our expectations and achieved our intraday targets in the last trading session. We will expect further upside in days to come. Bank Nifty has near support around 48000 and near resistance around 48500, breaks and sustains above 48500 will see an upside movement till 48750-48900 levels.

On the lower side, Bank Nifty has a near support around 48000, a break and sustain below 48000 will see a fresh downfall fall till 47800-47700 levels.

Trading Strategy

Traders can Buy Bank Nifty on dip around 48200 with a stop loss below 47900 for the upside movement till 48450—48600 levels in an intraday trading session.

Stock Pick of the day

 DELTACORP (28/12/2023)

Buy Deltacorp Jan futures above 150 for the upside move till 155 and then to 158 levels in the coming days. Stop loss below 145.

*T&C Apply…