Bulls are on the Front-foot, Nifty IT Drives Fresh Rally...

EQUITY BULLETIN FOR 15 DECEMBER 2023

Nifty Futures

Nifty Futures jumped sharply and again closed above the fresh lifetime high in the last trading session. Now, Nifty Futures has near support around 21250 and upside near hurdle around 21400 levels. Break and sustain above 21400 will take it towards 21470-21520 levels in the upcoming trading sessions.

On the other side, Nifty has immediate support around 21250 levels, break and sustain below 21250 will expect a profit booking till 21180-21000 levels. More downside will expect on close below 21100 levels.

Trading strategy

Risky Traders can Buy Nifty Future on dip around 21300 with a stop loss below 21200 levels for the upside movement till 21380— 21420 levels.

Bank Nifty Futures

Bank Nifty too performed well and again closed on a bullish note in the last trading session. Bank Nifty has near support around 47800 and near resistance around 48200, breaks and sustains above 47600 will see an upside movement till 48350-48500 levels.

On the lower side, Bank Nifty has a near support around 47800, break and sustain below 47800 will see a fresh downfall fall till 47600-47500 levels.

Trading Strategy

Traders can Buy Bank Nifty around 47900 with a stop loss below 47600 for the upside movement till 48200—48300 levels in an intraday trading session.

Stock Pick of the day

WIPRO (15/12/2023)

Buy Wipro futures on dip around 433 for the upside move till 444 and then to 450 levels in the coming days. Stop loss below 424.

*T&C Apply…