Market again bounced from 16000 levels...

EQUITY BULLETIN FOR 25 MAY 2022

Nifty Futures

Nifty again erased all intraday gains in the last trading session. Now Nifty has resistance around 16200 if it breaks and sustains above 16200 will see an upside rally till 16300 — 16350 levels in an intraday session.

On the other side, the Nifty has major support around 16000, break and close below 16000 will see a downside fall till 15900 —15850 levels in an intraday session.

Trading strategy

Traders can buy Nifty Future above 16200 with a stop loss below 16050 levels for the upside movement till 16300 — 16350 levels in an intraday session.

Bank Nifty Futures

Bank Nifty has given a slightly positive move in the last trading session. Bank Nifty has resistance around 34500, breaks and sustains above 34500 will see an upside movement till 34750-35000 levels in an intraday session.

Otherwise, major support around 34000, breaks below 34000 will see a fresh downside fall till 33800-33700 levels in an upcoming session.

Trading Strategy

Traders can sell Banknifty Future below 34000 with a stop loss above 34300 for the downside movement till 33800—33700 levels in an intraday trading session.

Stock Pick of the day

LALPATHLABS

Buy Lalpathlabs above 1980 for the upside move till 2020 and then to 2050 levels in the coming days. Stop loss below 1950.

*T&C Apply…