Market looks weak and entered in weak zone...

EQUITY BULLETIN FOR 08 FEB 2022

Nifty Futures

Nifty has resistance around 17300 if it breaks and sustains above 17300 will see an upside rally till 17450---17500 levels in an intraday session.

Else Nifty has support around 17100, breaks below 17100 will see intraday fall till 16950---16850 levels.

Trading strategy

Traders can sell Nifty Future below 17200 with a stop loss above 17300 levels for a downside movement till 17000---16900 levels in an intraday session.

Bank Nifty Futures

Bank Nifty has resistance around 38350, breaks and sustains above 38350 will see an upside movement till 38600--38750 levels in an intraday session.

Otherwise, Support around 37800, breaks below 37800 will see an intraday downside fall till 37500---37380 levels.

Trading Strategy

Traders can sell Banknifty Future below 38000 with a stop loss above 38350 for a downside movement till 37500---37400 levels in an intraday trading session.

Stock Pick of the day

Buy CASTROLIND above 125 levels, stop loss below 122 levels, for an upside movement till 130---132 +++ levels in the coming days. *T&C Apply...