Huge Volatility Will Expect with Positive Bias on Monthly Expiry...

EQUITY BULLETIN FOR 28 MARCH 2024

Nifty Future Overview

After a gap-up opening Nifty performed well and breached its near resistance in the last trading session. Now we will expect more volatility on the monthly expiry. Nifty futures currently moving above the near resistance level of 22220, with near support at 22080. A breach and sustained movement above 22220 could propel Nifty towards levels of 22280-22340. Conversely, a downturn below 22050 may trigger a sharp decline to 21980-21900 levels, presenting buying opportunities for astute traders.

Trading Strategy for Nifty Futures Traders are advised to consider buying Nifty Futures around 22050 mark, with a stop loss set below 21950 for potential gains up to 22200—22250 levels.

Bank Nifty Overview Bank Nifty again managed to hold its crucial support and closed above the same in the last trading session. Now Bank Nifty has near support range around 46600-46500 and resistance at 47000, sustained movement beyond 47000 could lead Bank Nifty towards 47300-47500 levels. Conversely, a breach below 46500 may drive it down to 46300-46200 levels. Trading Strategy

Buy Bank Nifty Future around 46600 with a stop loss below 46300 for the upside movement till 46900—47100 levels in an intraday trading session.

In conclusion, traders are advised to remain vigilant amidst market fluctuations and capitalize on strategic entry and exit points to optimize their trading endeavors.

Stock Pick of the Day

FEDERAL BANK (28/03/2024)

Buy Federal Bank April above 151.10 for the upside move till 153.50 and then to 156 levels in the coming days. Stop loss below 149.       Stay tuned for further insights and updates from Millennial Investor Services - Your Trusted Stock Market Advisory Partner. Stock market analysis, Nifty futures, Bank Nifty, Trading strategies, Market volatility, Financial year-end, Technical analysis, Support and resistance levels, Trading opportunities, and Market trends. ***T&C Apply...