Flat to Positive Opening Will Expect for the Day...

EQUITY BULLETIN FOR 13 SEPTEMBER 2023

Nifty Futures

A sharp profit booking witnessed from the all time highs in the last trading session. Nifty formed a slightly bearish candle on the daily chart.

Now Nifty Futures has near support around 19900 and upside near hurdle around 20080 levels. Break above 20080 will see an upside move till 20150-20200 levels and further upside will expect on close above 20200 levels in the upcoming trading session.

On the other side, Nifty has immediate support around 19900 levels, break and sustain below 19900 will see a downside fall till 19800 levels.

Trading strategy

Traders can Buy Nifty Future on dip around 19920 with a stop loss below 19840 levels for the upside movement till 20010— 20050 levels.

Bank Nifty Futures

Bank Nifty cracked from the higher levels and closed on a bearish note in the last trading session. Bank Nifty has near support around 45400 and near resistance around 45850, breaks and sustains above 45850 will see an upside movement till 46000-46100 levels.

On the lower side, Bank Nifty has a major support around 45400, break and sustain below 45400 will see a fresh downfall fall till 45200 levels.

Trading Strategy

Traders can sell Bank Nifty on rise around 45800 with a stop loss above 46050 for the downside movement till 45550—45450 levels in an intraday trading session.

Stock Pick of the day

CIPLA (13/09/2923)

Buy CIPLA above 1255 for the upside move till 1268 and then to 1275 levels in the coming days. Stop loss below 1240.

*T&C Apply…