Flat to Positive Opening Will Expect For the Week...

EQUITY BULLETIN FOR 25 SEPTEMBER 2023

Nifty Futures

Nifty erased all intraday gains and again closed on a negative note in the last trading session. Now we are again expecting some bounce from the major support.

Now Nifty Futures has near support around 19680 and upside near hurdle around 19800 levels. Break above 19800 will see an upside move till 19880-19950 levels.

On the other side, Nifty has immediate support around 19680 levels, break and sustain below 19680 will see a downside fall till 19600 levels.

Trading strategy

Traders can Buy Nifty Future above 19800 with a stop loss below 19700 levels for the upside movement till 19880—19950 levels.

Bank Nifty Futures

After successfully achieved our intraday given targets Bank Nifty formed a doji candle in the last trading session. Bank Nifty has near support around 44500 and near resistance around 45000, breaks and sustains above 45000 will see an upside movement till 45300 levels.

On the lower side, Bank Nifty has major support around 44500, break and sustain below 44500 will see a fresh downfall fall till 44300-44200 levels.

Trading Strategy

Traders can Buy Bank Nifty around 44500 with a stop loss below 44200 for the upside movement till 44800—45000 levels in an intraday trading session.

Stock Pick of the Day

SWAN ENERGY (25/09/2023)

Buy Swan Energy above 301 for the upside move till 315 and then to 322 levels in the coming days. Stop loss below 290.

*T&C Apply…