Market Indicates Positive Opening amit Bullish Sentiments...

EQUITY BULLETIN FOR 24 AUGUST 2023

Nifty Futures

Nifty Futures unable to breach its support level and closed around the positive zone in the last trading session. Now Nifty Futures has near support around 19380 and upside near hurdle around 19500 levels. Break above 19500 will see an upside move till 19600-19650 levels in the upcoming trading session.

On the other side, Nifty has immediate support around 19380 levels, break and sustain below 19380 will see a downside fall till 19300 levels. More downside will expect on close below 19300 levels.

Trading strategy

Traders Buy Nifty Future above 19500 with a stop loss below 19380 levels for the upside movement till 19580— 19650 levels.

Bank Nifty Futures

Bank Nifty futures jumped sharply and closed with the bullish sentiments in the last trading session. Bank Nifty has near support around 44200 and near resistance around 44600, breaks and sustains above 44600 will see an upside movement till 44800-45000 levels.

On the lower side, Bank Nifty has a near support around 44200, break and sustain below 44200 will see a fresh downfall fall till 44000 levels.

Trading Strategy

Traders can Buy Bank Nifty Future around 44500 with a stop loss below 44200 for the upside movement till 44750—44900 levels in an intraday trading session.

Stock Pick of the day

SAIL (24/08/2923)

Buy Sail futures above 87 for the upside move till 89.50 and then to 91 levels in the coming days. Stop loss below 85.

*T&C Apply…