Both side volatility will expect on weekly expiry...

EQUITY BULLETIN FOR 21 APRIL 2022

Nifty Futures

We have seen a short-covering from lower levels in the last trading session. Now Nifty has resistance around 17300 if it breaks and close above 17300 will see an upside rally till 17420 — 17470 levels in an intraday session.

Nifty has major support around 17100, an break below 17100 will see a major downside fall till 17000 — 16900 levels in an intraday session.

Trading strategy

Traders can buy Nifty Future around 17150 with a stop loss below 17050 levels for an upside movement till 17240 — 17300 levels in an intraday session.

Bank Nifty Futures

Bank Nifty closed on a dicey note in the last trading session. Bank Nifty has resistance around 36700, breaks and sustains above 36700 will see an upside movement till 37000–37100 levels in an intraday session.

Otherwise, Support around 36200, breaks below 36200 will see fresh downside fall till 36000 levels in an upcoming session.

Trading Strategy

Traders can buy Banknifty Future above 36700 with a stop loss below 36300 for the upside movement till 37000—37100 levels in an intraday trading session.

Stock Pick of the day

INDIGO

Buy Indigo above 1905 for the upside move till 1935 and then to 1950 levels in the coming days. Stop-loss above 1870.

*T&C Apply…