Market at Record Highs, Bank Nifty in a Lead Role...

EQUITY BULLETIN FOR 14 SEPTEMBER 2023

Nifty Futures

Nifty again bounced from the support zone and given a highest closing ever in the last trading session. We are expecting more upside move in upcoming sessions.

Now Nifty Futures has near support around 20000 and upside near hurdle around 20150 levels. Break above 20150 will see an upside move till 20200-20250 levels. Buy on any sharp dip will be a good entry for the traders.

On the other side, Nifty has immediate support around 20000 levels, break and sustain below 20000 will see a downside fall till 19920 levels.

Trading strategy

Traders can Buy Nifty Future on dip around 20050 with a stop loss below 19970 levels for the upside movement till 20150— 20200 levels.

Bank Nifty Futures

Bank Nifty recovered all previous day losses and closed on a bullish note in the last trading session. Bank Nifty has near support around 45700 and near resistance around 46050, breaks and sustains above 46050 will see an upside movement till 46200-46300 levels.

On the lower side, Bank Nifty has a major support around 45700, break and sustain below 45700 will see a fresh downfall fall till 45500 levels.

Trading Strategy

Traders can buy Bank Nifty on around 45800 with a stop loss above 45500 for the upside movement till 46050—46200 levels in an intraday trading session.

Stock Pick of the day

ONGC (14/09/2023)

Buy ONGC above 185 for the upside move till 188 and then to 190 levels in the coming days. Stop loss below 182.

*T&C Apply…