Market is trying to find any trigger for the bull move...

WEEKLY EQUITY BULLETIN 28 MARCH TO 01 APRIL 2022

The equity market ended lower for the third consecutive session dragged by consumer durables and information technology stocks. Also, the market remained volatile on account of the heightened geopolitical tensions and inflation concerns.

The 30-share BSE Sensex slipped 233 points or 0.41 percent to close at 57,362, while the broader NSE Nifty moved 70 points or 0.40 percent lower to settle at 17,153.

The midcap and smallcap shares finished on a weaker note as Nifty Midcap 100 index edged 0.12 percent lower and small-cap shed rose 0.49 percent.

Nifty Future

On the weekly basis, the Nifty looks good and trading around a major resistance zone. Now Nifty has major support around 17000, if it breaks and closes below 17000 then it will test 16800-16600 levels in days to come.

Now major hurdle around 17500, if Nifty is able to close above 17500 then we will expect fresh upside move till 17750-17900 levels in upcoming sessions.

Intraday Levels

Nifty Future has support around 17100, breaks below 17100 will see intraday downside movement till 17000---16950 levels while resistance around 17300, break above 17300 will see intraday upside move till 17450-17500 levels on the Monday trading session. Sell on rise around resistance will be a good entry for the traders.

Bank Nifty Future

On the weekly basis, Bank Nifty has major Resistance around 36000, if it breaks and trades above 36000 will see an upside rally till 36500 and further to 36800 levels in upcoming trading sessions.

Major Support around 35000, if it breaks and close below 35000 will see downside fall till 34600 and further to 34000 levels in upcoming trading sessions.

Intraday Levels

Bank Nifty Future has resistance around 35800, breaks above 35800 will see an intraday upside movement till 36100 levels while Support around 35250, breaks below 35250 will see intraday sell-off till 35000---34800 levels on the Monday trading session.

Weekly Top Pick Stock

Buy GMRINFRA above 37.50. Stop loss 36. Target-39-40. *T&C Apply...