Bulls are on The Driving Seat

EQUITY BULLETIN FOR 09 MAY 2023

Nifty Futures

Nifty Futures again recovered well from the lower levels in the last trading session. Now Nifty has near support around 18100 and upside crucial hurdle around 18300 levels. Break above 18300 will see an upside move till 18380-18450 levels in the upcoming trading session.

On the other side, Nifty has crucial support around 18100 levels, break and close below 18100 will see a downside fall till 18000 levels.

Trading strategy

Traders can Buy Nifty Future on dip around 18150 with a stop loss above 18000 levels for the upside movement till 18280 — 18350 levels.

Bank Nifty Futures

Bank Nifty too performed well in the last trading session. Bank Nifty has near resistance around 43500, breaks and sustains above 43500 will see an upside movement till 43800-44000 levels.

On the lower side, Bank Nifty has a major support around 42800, break and a daily close below 42800 will see a fresh downfall fall till 42500 levels.

Trading Strategy

Traders can Buy Bank Nifty Future around 43000 with a stop loss below 42700 for the upside movement till 43400—43500 levels in an intraday trading session.

Stock Pick of the day

ACC

Buy ACC Future above 1780 for the upside move till 1830 and then to 1860 levels in the coming days. Stop loss below 1740.

*T&C Apply…