Again Market is Heading Towards Fresh Highs...

EQUITY BULLETIN FOR 27 DECEMBER 2023

Nifty Futures

Nifty Futures performed well as per our expectations in the last trading session. Now, Nifty Futures has near support around 21400 and upside near hurdle around 21520 levels. Break and sustain above 21520 will take it towards 21600-21640 levels in the upcoming trading sessions.

On the other side, Nifty has immediate support around 21400 levels, break and sustain below 21400 will expect a downside till 21320-21270 levels.

Trading strategy

 Traders can Buy Nifty Future around 21450 with a stop loss below 21370 levels for the upside movement till 21540— 21600 levels.

Bank Nifty Futures

Bank Nifty bounced from the lower levels and formed a green candle in the last trading session. We will expect a fresh lifetime high in upcoming sessions. Bank Nifty has near support around 47500 and near resistance around 48050, breaks and sustains above 48050 will see an upside movement till 48300-48400 levels.

On the lower side, Bank Nifty has a near support around 47500, a break and sustain below 47500 will see a fresh downfall fall till 47300-47000 levels.

Trading Strategy

Traders can Buy Bank Nifty on dip around 47700 with a stop loss below 47400 for the upside movement till 47950—48050 levels in an intraday trading session.

Stock Pick of the day

 TATA MOTORS (27/12/2023)

Buy Tata Motors futures above 722 for the upside move till 732 and then to 738 levels in the coming days. Stop loss below 710.

*T&C Apply…