Bulls Again Trying to Play on the Front-foot...

EQUITY BULLETIN FOR 01 AUGUST 2023

Nifty Futures

Nifty Futures performed well as per our expectations and achieved our upside targets in the last trading session. Now Nifty Futures has near support around 19700 and upside near hurdle around 19850 levels. Break above 19850 will see an upside move till 19900-19950 levels in the upcoming trading session.

On the other side, Nifty has immediate support around 19700 levels, break and sustain below 19700 will see a downside fall till 19620 levels.

Trading strategy

Traders Buy Nifty Future around 19790 with a stop loss below 19700 levels for the upside movement till 19880— 19920 levels.

Bank Nifty Futures

Bank Nifty futures bounced well and closed on a positive note in the last trading session. Bank Nifty has near resistance around 45950, breaks and sustains above 45950 will see an upside movement till 46100-46250 levels.

On the lower side, Bank Nifty has a major support around 45600, break and sustain below 45600 will see a fresh downfall fall till 45400 levels.

Trading Strategy

Traders can Buy Bank Nifty Future around 45750 with a stop loss below 45500 for the upside movement till 45950—46200 levels in an intraday trading session.

Stock Pick of the day

BFINVEST

Buy BFInvest above 384 for the upside move till 398 and then to 415 levels in the coming days. Stop loss below 370.

*T&C Apply…