Fresh Lifetime High Will Expect For The Day...

EQUITY BULLETIN FOR 14 DECEMBER 2023

Nifty Futures

Nifty Futures recovered sharply from the lower levels on the daily chart. Now, Nifty Futures has near support around 20900 and upside near hurdle around 21100 levels. Break above 21100 will see an upside move till 21160-21200 levels in the upcoming trading session.

On the other side, Nifty has immediate support around 20900 levels, break and sustain below 20900 will see a small correction till 20800 levels. More downside will expect on close below 20800 levels.

Trading strategy

Risky Traders can Buy Nifty Future around 21000 with a stop loss below 20900 levels for the upside movement till 21100— 21150 levels.

Bank Nifty Futures

Bank Nifty too performed well and closed on a positive note in the last trading session. Bank Nifty has near support around 47200 and near resistance around 47600, breaks and sustains above 47600 will see an upside movement till 47800-48000 levels.

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

Trading Strategy

Traders can Buy Bank Nifty above 47500 with a stop loss below 47200 for the upside movement till 47750—47900 levels in an intraday trading session.

Stock Pick of the day

MOTHERSON (14/12/2023)

Buy Motherson futures above 97 for the upside move till 100 and then to 102 levels in the coming days. Stop loss below 94.50.

*T&C Apply…