Fresh All-Time High Expected in Nifty...

EQUITY BULLETIN FOR 19 FEBRUARY 2024

Nifty Future Overview

Nifty looks solid on the charts and heading towards a fresh life high. Bulls are on the front foot and we will expect sharp upside in upcoming sessions.

Now, Nifty Future has near support around 22000 and upside near hurdle around 22150 levels. Break and sustain above 22150 will take it towards 22220-22260 levels.

On the other side, Nifty has near support around 22000 levels, break and sustain below 22000 will expect a downside fall till 21900 levels. Buy on dips around support will be the best strategy for the traders.

Trading strategy

Traders can Buy Nifty Futures around 22050 with a stop loss below 21950 levels for the upside movement till 22140— 22200 levels.

Bank Nifty Overview

Bank Nifty erased intraday gains in the final hours in the last trading session. Bank Nifty still looks strong for the fresh rally. Bank Nifty future has near support around 46350 and near resistance around 46700, breaks and sustains above 46700 will see an upside movement till 46900-47000 levels.

On the lower side, Bank Nifty has a near major support around 46350, a break and sustain below 46350 will see a downside fall to 46200-46000 levels. Any sharp dip will be a good opportunity for the traders.

Trading Strategy

Buy Bank Nifty Future on dip around 46250 with a stop loss below 46000 for the upside movement till 46600—46800 levels in an intraday trading session.

Trade cautiously with levels only.

Stock Pick of the Day

LUXIND (19/02/2024)

Buy LUXIND above 1200 for the upside move till 1240 and then to 1275 levels in the coming days. Stop loss above 1160.

*T&C Apply…