Bank Nifty again Looks Attractive for Fresh Highs...

EQUITY BULLETIN FOR 22 DECEMBER 2023

Nifty Futures

Nifty Futures recovered sharply from the suupport zone and formed a green candle in the last trading session. Now, Nifty Futures has near support around 21150 and upside near hurdle around 21420 levels. Break and sustain above 21420 will take it towards 21500-21550 levels in the upcoming trading sessions.

On the other side, Nifty has immediate support around 21150 levels, break and sustain below 21150 will expect a downside till 21080-21000 levels.

Trading strategy

Traders can Buy Nifty Future on dip around 21260 with a stop loss below 21150 levels for the upside movement till 21400— 21450 levels.

Bank Nifty Futures

Bank Nifty formed a bullish reversal candle with solid reversal in the last trading session. Bank Nifty has near support around 47800 and near resistance around 48250, breaks and sustains above 48250 will see an upside movement till 48400-48500 levels.

On the lower side, Bank Nifty has a near support around 47800, a break and sustain below 47800 will see a fresh downfall fall till 47600-47500 levels.

Trading Strategy

Traders can Buy Bank Nifty around 47900 with a stop loss below 47600 for the upside movement till 48200—48300 levels in an intraday trading session.

Stock Pick of the day

ADANIENT (22/12/2023)

Buy Adanient futures around 2800 for the upside move till 2860 and then to 2900 levels in the coming days. Stop loss below 2740.

*T&C Apply…