Bulls are on the Front foot at All-Time Highs.

EQUITY BULLETIN FOR 17 JULY 2023

Nifty Futures

Nifty Futures closed at all time high in the last trading session. Now Nifty has near support around 19500 and upside crucial hurdle around 19650 levels. Break above 19650 will see an upside move till 19700-19750 levels in the upcoming trading session.

On the other side, Nifty has crucial support around 19500 levels, break and sustain below 19500 will see a downside fall till 19450-19400 levels.

Trading strategy

Traders can Buy Nifty Future on dip around 19500 with a stop loss below 19440 levels for the upside movement till 19560 — 19620 levels.

Bank Nifty Futures

Bank Nifty recovered well from the lower levels in the last trading session and closed around the crucial level. Bank Nifty has near resistance around 45200, breaks and sustains above 45200 will see an upside movement till 45400-45500 levels.

On the lower side, Bank Nifty has a major support around 44700, break and sustain below 44700 will see a fresh downfall fall till 44500 levels.

Trading Strategy

Traders can Buy Bank Nifty Future above 45200 with a stop loss below 44800 for the upside movement till 45450—45600 levels in an intraday trading session.

Stock Pick of the day

Adanient

Buy Adanient Fut above 2410 for the upside move till 2455 and then to 2480 levels in the coming days. Stop loss below 2355.

*T&C Apply…