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

EQUITY BULLETIN FOR 26 DECEMBER 2023

Nifty Futures

Nifty Futures has given a positive move and formed a doji candle in the last trading session. Now, Nifty Futures has near support around 21300 and upside near hurdle around 21450 levels. Break and sustain above 21450 will take it towards 21500-21550 levels in the upcoming trading sessions.

On the other side, Nifty has immediate support around 21300 levels, break and sustain below 21300 will expect a downside till 21220-21180 levels.

Trading strategy

 Traders can Sell Nifty Future on rise around 21470 with a stop loss above 21550 levels for the downside movement till 21350— 21300 levels.

Bank Nifty Futures

Bank Nifty unable to breach its crucial hurdle and dragged sharply from the higher levels in the last trading session. Bank Nifty has near support around 47400 and near resistance around 48050, breaks and sustains above 48050 will see an upside movement till 48300-48400 levels.

On the lower side, Bank Nifty has a near support around 47400, a break and sustain below 47400 will see a fresh downfall fall till 47200-47000 levels.

Trading Strategy

Traders can Buy Bank Nifty on dip around 47200 with a stop loss below 46900 for the upside movement till 47700—47900 levels in an intraday trading session.

Stock Pick of the day

VEDL (26/12/2023)

Buy Vedl futures around 258 for the upside move till 265 and then to 268 levels in the coming days. Stop loss below 252.

*T&C Apply…