Fresh All-Time High Will Expect For The Day...

EQUITY BULLETIN FOR 12 JULY 2023

Nifty Futures

Nifty Futures still looks bullish and closed near all time high in the last trading session. Now Nifty has near support around 19400 and upside crucial hurdle around 19550 levels. Break above 19550 will see an upside move till 19600-19650 levels in the upcoming trading session.

On the other side, Nifty has crucial support around 19400 levels, break and close below 19400 will see a downside fall till 19320-19250 levels.

Trading strategy

Traders can Buy Nifty Future around 19500 with a stop loss below 19400 levels for the upside movement till 19580 — 19640 levels.

Bank Nifty Futures

Bank Nifty corrected well in the last trading session and closed around the strong support zone. Bank Nifty has near resistance around 45200, breaks and sustains above 45200 will see an upside movement till 45400-45500 levels.

On the lower side, Bank Nifty has major support around 44800, a break and sustain below 44800 will see a fresh downfall fall till 44500 levels.

Trading Strategy

Traders can Buy Bank Nifty Future above 45200 with a stop loss below 44900 for the upside movement till 45400—45550 levels in an intraday trading session.

Stock Pick of the Day

Siemens

Buy Siemens 3800 CE around 80 for the upside move till 108 and then to 125 levels in the coming days. Stop loss below 50.

*T&C Apply…