Bank Nifty @All-Time High, Nifty Eyes on 21K Mark...

EQUITY BULLETIN FOR 05 DECEMBER 2023

Nifty Futures

Nifty Futures again jumped to record high and heading towards 21K mark in the last trading session. Now Nifty Futures has near support around 20700 and upside near hurdle around 20850 levels. Break above 20850 will see an upside move till 20920-20950 levels in the upcoming trading session.

On the other side, Nifty has immediate support around 20700 levels, break and sustain below 20700 will see a small correction till 20620-20550 levels.

Trading strategy

Traders can Buy Nifty Future around 20700 with a stop loss below 20600 levels for the upside movement till 20800— 20840 levels.

Bank Nifty Futures

Bank Nifty made an All-time high and given a highest closing ever in the last trading session. Bank Nifty has near support around 46200 and near resistance around 46800, breaks and sustains above 46800 will see an upside movement till 47000-47200 levels.

On the lower side, Bank Nifty has a near support around 46200, break and sustain below 46200 will see a fresh downfall fall till 46000-45800 levels.

Trading Strategy

Traders can enter on dips around 46200 with a stop loss below 45800 for the upside movement till 46700—46900 levels in an intraday trading session.

Stock Pick of the day

JIOFIN (05/12/2023)

Buy JIOFIN above 232 for the upside move till 245 and then to 255 levels in the coming days. Stop loss below 220.

*T&C Apply…