Another Positive Opening Will Expect For The Day...

EQUITY BULLETIN FOR 12 DECEMBER 2023

Nifty Futures

Nifty Futures again formed a Doji candle at the lifetime high and still looks bullish for the upcomin sessions. Now, Nifty Futures has near support around 21000 and upside near hurdle around 21120 levels. Break above 21120 will see an upside move till 21170-21220 levels in the upcoming trading session.

On the other side, Nifty has immediate support around 21000 levels, break and sustain below 21000 will see a small correction till 20900 levels. More downside will expect on close below 20900 levels.

Trading strategy

Traders can Buy Nifty Future around 21050 with a stop loss below 20970 levels for the upside movement till 21120— 21150 levels.

Bank Nifty Futures

Bank Nifty performed well as per our expectations and achieved our intraday target in the last trading session. Bank Nifty has near support around 47350 and near resistance around 47850, breaks and sustains above 47850 will see an upside movement till 48000-48200 levels.

On the lower side, Bank Nifty has a near support around 47350, break and sustain below 47350 will see a fresh downfall fall till 47150-47000 levels.

Trading Strategy

Traders can enter on dips around 47300 with a stop loss below 47000 for the upside movement till 47650—47800 levels in an intraday trading session.

Stock Pick of the day

ZEEL (12/12/2023)

Buy ZEEL futures around 284 for the upside move till 290 and then to 294 levels in the coming days. Stop loss below 279.

*T&C Apply…