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

EQUITY BULLETIN FOR 01 SEPTEMBER 2023

Nifty Futures

Nifty Futures again slipped due to expiry pressure in the last trading session. Now Nifty Futures has near support around 19350 and upside near hurdle around 19500 levels. Break above 19500 will see an upside move till 19550-19580 level.

On the other side, Nifty has immediate support around 19350 levels, break and sustain below 19350 will see a downside fall till 19280-19200 levels. More downside will expect on close below 19200 levels.

Trading strategy

Risky Traders can Buy Nifty Future around 19400 with a stop loss below 19340 levels for the upside movement till 19470— 19500 levels.

Bank Nifty Futures

Bank Nifty fall sharply and closed on a negative note in the last trading session. Bank Nifty has near support around 44200 and near resistance around 44600, breaks and sustains above 44600 will see an upside movement till 44800-45000 levels.

On the lower side, Bank Nifty has a near support around 44200, break and sustain below 44200 will see a downfall fall till 44000-43850 levels.

Trading Strategy

Traders can enter above 44600 with a stop loss below 44350 for the upside movement till 44850—44950 levels in an intraday trading session.

Stock Pick of the day

MARUTI (01/09/2923)

Buy MARUTI around 10010 for the upside move till 10150 and then to 10220 levels in the coming days. Stop loss below 9890.

*T&C Apply…