Another gap-up opening will expect from the market...

EQUITY BULLETIN FOR 01 FEB 2022

Union Budget 2022 is likely to be presented at 11 am Today.

Nifty Futures

Nifty has resistance around 17430 if it breaks and sustains above 17430 will see an upside rally till 17650---17800 levels in an intraday session.

Else Nifty has support around 17250, breaks below 17250 will see intraday fall till 17000---16900 levels.

Trading strategy

Traders can buy Nifty Future above 17430 with a stop loss below 17300 levels for an upside movement till 17650---17800 levels in an intraday session.

Bank Nifty Futures

Bank Nifty has resistance around 38300, breaks and sustains above 38300 will see an upside movement till 39000--39350 levels in an intraday session.

Otherwise, Support around 37700, breaks below 37700 will see an intraday downside fall till 37000---36850 levels.

Trading Strategy

Traders can buy Banknifty Future above 38300 with a stop loss below 38000 for an upside movement till 39000---39350 levels in an intraday trading session.

Stock Pick of the day

Buy KNRCON around 310 levels, stop loss below 300 levels, for an upside movement till 330---335 +++ levels in the coming days. *T&C Apply...