Flat Opening Will expect for the Day...

EQUITY BULLETIN FOR 06 SEPTEMBER 2023

Nifty Futures

Nifty Futures shown solid strength in the last trading session. Now Nifty Futures has near support around 19580 and upside near hurdle around 19650 levels. Break above 19650 will see an upside move till 19700-19740 level.

On the other side, Nifty has immediate support around 19580 levels, break and sustain below 19580 will see a downside fall till 19520-19480 levels. Buy on dips around support will be a good opportunity for the traders.

Trading strategy

Traders can Buy Nifty Future around 19550 with a stop loss below 19480 levels for the upside movement till 19630— 19660 levels.

Bank Nifty Futures

Bank Nifty witnessed some profit booking from the higher levels in the last trading session. Bank Nifty has near support around 44500 and near resistance around 44800, breaks and sustains above 44800 will see an upside movement till 45000 levels.

On the lower side, Bank Nifty has a near support around 44500, break and sustain below 44500 will see a downfall fall till 44300 levels.

Trading Strategy

Traders can buy above 44800 with a stop loss below 44580 for the upside movement till 45000—45100 levels in an intraday trading session.

Stock Pick of the day

FEDERAL BANK (06/09/2923)

Buy Federal Bank above 146 for the upside move till 149 and then to 151 levels in the coming days. Stop loss below 143.50.

*T&C Apply…