Be cautious at higher levels as we will expect some profit booking...

EQUITY BULLETIN FOR 14 JAN 2022

Nifty Future

Nifty has resistance around 18350 if it breaks and sustains above 18300 will see an upside rally till 18450---18500 levels in an intraday session.

Else Nifty has support around 18150, breaks below 18150 will see intraday fall till 18000---17900 levels.

Trading strategy

Traders can sell Nifty Future around 18300 with a stop loss above 18350 levels for a downside movement till 18150---18000 levels in an intraday session.

Bank Nifty Future

Bank Nifty has resistance around 39000, breaks and sustains above 39000 will see upside movement till 39350--39500 levels in an intraday session.

Otherwise, Support around 38500, breaks below 38500 will see an intraday downside fall till 38200---38000 levels.

Trading Strategy

Traders can sell Banknifty Future around 38750 with a stop loss below 39000 for a downside movement till 38250---38000 levels in an intraday trading session.

Stock Pick of the day

Buy UFLEX around 530 levels, stop loss below 510 levels, for an upside movement till 555---560 +++ levels in coming days. *T&C Apply...