Bank Nifty Again Ready for the Fresh Highs

EQUITY BULLETIN FOR 22 NOV 2022

Nifty Futures

Nifty has resistance around 18300 if it breaks and sustains above 18300 will see an upside rally till 18400 — 18450 levels in an intraday session.

Else Nifty has support around 18100, break below 18100 will see intraday downside fall till 18000 — 17950 levels in an intraday session.

Trading strategy

Traders can buy Nifty Future around 18300 with a stop loss below 18200 levels for an upside movement till 18400 — 18500 levels in an intraday session.

Bank Nifty Futures

Bank Nifty has resistance around 42450, breaks and sustains above 42450 will see an upside movement till 42650–42800 levels in an intraday session.

Otherwise, Support around 42250, breaks below 42200 will see an intraday downside fall till 42000—41900 levels in an intraday session.

Trading Strategy

Traders can buy Banknifty Future above 42450 with a stop loss below 42200 for an upside movement till 42650—42800 levels in an intraday trading session.

Stock Pick of the day

Buy Deltacorp above 223 with sl of 218 and target is 228-232