Market Eyes on FED Meeting for the Fresh Move...

EQUITY BULLETIN FOR 20 SEPTEMBER 2023

Nifty Futures

Nifty showed some profit booking and closed on a slightly negative note in the last trading session. Now we are expecting any fresh move after the FED meeting.

Now Nifty Futures has near support around 20150 and upside near hurdle around 20250 levels. Break above 20250 will see an upside move till 20320-20350 levels.

On the other side, Nifty has immediate support around 20150 levels, break and sustain below 20150 will see a downside fall till 20080-20050 levels.

Trading strategy

Traders can Buy Nifty Future on dip around 20100 with a stop loss below 20000 levels for the upside movement till 20180— 20250 levels.

Bank Nifty Futures

Bank Nifty slipped from the higher levels and closed on a weak note in the last trading session. Bank Nifty has near support around 45900 and near resistance around 46400, breaks and sustains above 46400 will see an upside movement till 46550-46700 levels.

On the lower side, Bank Nifty has major support around 45900, break and sustain below 45900 will see a fresh downfall fall till 45700 levels.

Trading Strategy

Traders can Sell Bank Nifty below 45900 with a stop loss above 46200 for the downside movement till 45700—45600 levels in an intraday trading session.

Stock Pick of the Day

ITC (20/09/2023)

Buy ITC around 450 for the upside move till 457 and then to 460 levels in the coming days. Stop loss below 444.

*T&C Apply…