Bank Nifty looks more Stable for the Next Run.

EQUITY BULLETIN FOR 08 FEBRUARY 2023

Nifty Futures

Nifty Futures trading in a small range and closed on a flat note in the last trading session. Now Nifty has near support around 17700 and upside crucial hurdle around 17850 levels. Break above 17850 will see an upside move till 17950-18050 levels in the upcoming trading session.

On the other side, Nifty has crucial support around 17700 levels, break and close below 17700 will see a downside fall till 17600 levels.

Trading strategy

Traders can Buy Nifty Future above 17850 with a stop loss above 17700 levels for the upside movement till 18000 — 18050 levels.

Bank Nifty Futures

Bank Nifty still looks positive and closed on a positive note in the last trading session. Bank Nifty has near resistance around 41850, breaks and sustains above 41850 will see an upside movement till 42100-42350 levels.

On the lower side, Bank Nifty has a major support around 41300, break and a daily close below 41300 will see a fresh downfall fall till 41000 levels.

Trading Strategy

Traders can buy Bank Nifty Future above 41850 with a stop loss below 41400 for the upside movement till 42100—42300 levels in an intraday trading session.

Stock Pick of the day

CUB

Buy CUB Future above 162 for the upside move till 165 and then to 168 levels in the coming days. Stop loss below 158.

*T&C Apply…