Market Indicates a Flat to Positive Opening...

EQUITY BULLETIN FOR 25 JULY 2023

Nifty Futures

Nifty Futures again witnessed a profit booking from the higher levels in the last trading session. Now Nifty has an immediate support around 19650 and upside resistance around 19800 levels. Break above 19800 will see an upside move till 19860-19900 levels in the upcoming trading session.

On the other side, Nifty has support around 19650 levels, break and an hourly close below 19650 will see a sharp fall till 19550-19500 levels.

Trading strategy

Traders can Buy Nifty Future around 19600 with a stop loss below 19500 levels for the upside movement till 19720 — 19760 levels.

Bank Nifty Futures

Bank Nifty futures trading in a small range and closed around the major level of 46000 in the last trading session. Bank Nifty has near resistance around 46150, breaks and an hourly close above 46150 will see an upside movement till 46300-46450 levels.

On the lower side, Bank Nifty has a near support around 45800, break and sustain below 45800 will see a sharp correction till 45600-45500 levels.

Trading Strategy

Traders can Buy Banknifty Future above 46150 with a stop loss below 45900 for the upside movement till 46350—46450 levels in an intraday trading session.

Stock Pick of the day

DHANI

Buy DHANI around 37.50 for the upside move till 40 and then to 42 levels in the coming days. Stop loss below 35.

*T&C Apply…