Bull run continues in the market...

EQUITY BULLETIN FOR 21 JULY 2022

Nifty Futures

Nifty achieved our upside targets in the last trading session. Now Nifty has near support around 16450 and an upside hurdle around 16600 levels. Break above 16600 will see a fresh upside move till 16720-16760 levels in the upcoming trading sessions.

On the other side, Nifty has near support around 16450 levels, break and close below 16450 will see a downside fall till 16350-16300 levels.

Trading strategy

Traders can buy Nifty Future around 16380 with a stop loss below 16250 levels for the upside movement till 16520 — 16580 levels.

Bank Nifty Futures

Bank Nifty performed well in the last trading session. Bank Nifty has near resistance around 36200, breaks and sustains above 36200 will see an upside movement till 36400-36500 levels.

We have downside support around 35700, breaks below 35700 will see a small downside fall till 35500-35400 level in an upcoming session.

Trading Strategy

Traders can buy Banknifty Future around 35700 with a stop loss below 35400 for the upside movement till 36000—36150 levels in an intraday trading session.

Stock Pick of the day

RBL Bank

Buy RBL Bank around 89.50 for the upside move till 92.50 and then to 94 levels in the coming days. Stop loss below 87.

*T&C Apply…