Bank Nifty is Heading Towards a Fresh All Time High

EQUITY BULLETIN FOR 18 JULY 2023

Nifty Futures

Nifty Futures again closed at fresh all time high in the last trading session. Now Nifty has near support around 19600 and upside crucial hurdle around 19750 levels. Break above 19650 will see an upside move till 19800-19820 levels in the upcoming trading session.

On the other side, Nifty has near support around 19600 levels, break and sustain below 19600 will see a sharp profit booking till 19500-19450 levels.

Trading strategy

Traders can Sell Nifty Future on around 19800 with a stop loss above 19860 levels for the downside movement till 19720 — 19650 levels.

Bank Nifty Futures

Bank Nifty successfully achieved our upside target in the last trading session and closed near the all the high. Bank Nifty has near resistance around 45600, breaks and sustains above 45600 will see an upside movement till 45750-45900 levels.

On the lower side, Bank Nifty has a major support around 45200, break and sustain below 45200 will see a small correction till 45000 levels.

Trading Strategy

Traders can Buy Bank Nifty Future on dip around 45300 with a stop loss below 45000 for the upside movement till 45500—45600 levels in an intraday trading session.

Stock Pick of the day

APEX

Buy APEX above 225 for the upside move till 235 and then to 245 levels in the coming days. Stop loss below 214.

*T&C Apply…