Bulls are trying to play on the front foot...

EQUITY BULLETIN FOR 04 SEPTEMBER 2023

Nifty Futures

Nifty Futures took a U-turn and formed a strong base at the lower levels in the last trading session. Now Nifty Futures has near support around 19450 and upside near hurdle around 19530 levels. Break above 19530 will see an upside move till 19580-19620 level.

On the other side, Nifty has immediate support around 19450 levels, break and sustain below 19450 will see a downside fall till 19400-19370 levels. Fresh bull run will expect on close above 19600 levels.

Trading strategy

Traders can Buy Nifty Future around 19450 with a stop loss below 19380 levels for the upside movement till 19520— 19560 levels.

Bank Nifty Futures

Bank Nifty bounced sharply and closed on a positive note in the last trading session. Bank Nifty has near support around 44400 and near resistance around 44750, breaks and sustains above 44750 will see an upside movement till 44900-45000 levels.

On the lower side, Bank Nifty has a near support around 44400, break and sustain below 44400 will see a downfall fall till 44200 levels.

Trading Strategy

Traders can enter on dip around 44500 with a stop loss below 44380 for the upside movement till 44750—44900 levels in an intraday trading session.

Stock Pick of the day

WIPRO (04/09/2923)

Buy Wipro around 415 for the upside move till 423 and then to 428 levels in the coming days. Stop loss below 408.

*T&C Apply…