Market is trading in a red zone...

EQUITY BULLETIN FOR 15 FEB 2022

Nifty Futures

Nifty has resistance around 17050 if it breaks and sustains above 17050 will see an upside rally till 17150---17200 levels in an intraday session.

Else Nifty has support around 16800, breaks below 16800 will see intraday fall till 16600---16500 levels.

Trading strategy

Traders can sell Nifty Future around 17950 with a stop loss above 17050 levels for a downside movement till 16600---16500 levels in an intraday session.

Bank Nifty Futures

Bank Nifty has resistance around 37500, breaks and sustains above 37500 will see an upside movement till 37750--37900 levels in an intraday session.

Otherwise, Support around 36750, breaks below 36750 will see an intraday downside fall till 36400---36250 levels.

Trading Strategy

Traders can sell Banknifty Future around 37300 with a stop loss above 37500 for a downside movement till 36400---36250 levels in an intraday trading session.

Stock Pick of the day

Sell GAIL FUTURE around 138 levels, stop loss above 141 levels, for a downside movement till 133---130 +++ levels in the coming days. *T&C Apply...