Market at Crucial Levels, Trade Cautiously With levels only...

EQUITY BULLETIN FOR 10 JANUARY 2024

Nifty Futures

Nifty Futures erased all intraday gains and ended with a bearish candle in the last trading session. Now market is moving around the crucial zone, any side break out will decide further trend.

Now, Nifty Futures has near support around 21580 and upside near hurdle around 21750 levels. Break and sustain above 21750 will take it towards 21820-21860 levels and further upside move will expect on close above 21850 levels in the upcoming trading sessions.

On the other side, Nifty has major support around 21580 levels, break and sustain below 21580 will expect a downside fall till 21500 levels.

Trading strategy

 Traders can Sell Nifty Future on rise around 21720 with a stop loss above 21820 levels for the downside movement till 21600— 21550 levels.

Bank Nifty Futures

Bank Nifty again crashed and closed on a bearish note in the last trading session. A horizontal support line around 47300 will be the crucial support for the day. Bank Nifty has next support around 47300 and near resistance around 47800, breaks and sustains above 47800 will see an upside movement till 48000-48200 levels.

On the lower side, Bank Nifty has a next support around 47300, a break and sustain below 47300 will see a fresh downfall fall till 47000-46800 levels.

Trading Strategy

Traders can Buy Bank Nifty around 47150 with a stop loss below 46800 for the upside movement till 47550—47800 levels in an intraday trading session.

Stock Pick of the day

EASEMYTRIP (10/01/2024)

Buy Easemytrip around 45 for the upside move till 47 and then to 49 levels in the coming days. Stop loss below 43.

*T&C Apply…