Bulls Trying To Strengthen Their Grip...

EQUITY BULLETIN FOR 22 AUGUST 2023

Nifty Futures

Nifty Futures recovered from the lower levels and closed in the green in the last trading session. Now Nifty Futures has near support around 19300 and upside near hurdle around 19450 levels. Break above 19450 will test 19500 levels and more upside will expect on close above 19500 levels in the upcoming trading session.

On the other side, Nifty has major support around 19300 levels, break and sustain below 19300 will see a downside fall till 19200 levels.

Trading strategy

Traders can Buy Nifty Future around 19380 with a stop loss below 19300 levels for the upside movement till 19460— 19500 levels.

Bank Nifty Futures

Bank Nifty futures formed a positive reversal candle in the last trading session. Bank Nifty has near resistance around 44200, breaks and sustains above 44200 will see an upside movement till 44400-44500 levels.

On the lower side, Bank Nifty has a major support around 43800, break and sustain below 43800 will see a fresh downfall fall till 43500 levels.

Trading Strategy

Traders can Buy Bank Nifty Future on dip around 44000 with a stop loss below 43800 for the upside movement till 44400—44500 levels in an intraday trading session.

Stock Pick of the day

DIXON

Buy Dixon above 4950 for the upside move till 5000 and then to 5040 levels in the coming days. Stop loss below 4890.

*T&C Apply…