Another gap-up opening will expect for the day...

EQUITY BULLETIN FOR 22 DEC 2021

Nifty Future

Nifty has resistance around 17000 if it breaks and sustains above 17000 will see an upside rally till 17150---17200 levels in an intraday session.

Else Nifty has support around 16700, breaks below 16700 will see intraday fall till 16550---16450 levels.

Trading strategy

Traders can buy Nifty Future above 16830 with a stop loss below 16700 levels for an upside movement till 17000---17200 levels in an intraday session.

Bank Nifty Future

Bank Nifty has resistance around 35100, breaks and sustains above 35100 will see upside movement till 35350--35500 levels in an intraday session.

Otherwise, Support around 34400, breaks below 34400 will see an intraday downside fall till 34000---33900 levels.

Trading Strategy

Traders can buy Banknifty Future above 34750 with a stop loss below 34400 for an upside movement till 35250---35350 levels in an intraday trading session.

Stock Pick of the day

Buy MASTEK around 2840 levels, stop loss below 2775 levels, for an upside movement till 2950---3000 +++ levels in coming days. *T&C Apply...