Market opens on a flat to weak note...

EQUITY BULLETIN FOR 18 FEB 2022

Nifty Futures

Nifty has resistance around 17350 if it breaks and sustains above 17350 will see an upside rally till 17650---17700 levels in an intraday session.

Else Nifty has support around 17200, breaks below 17200 will see intraday fall till 17000---16900 levels.

Trading strategy

Traders can buy Nifty Future above 17350 with a stop loss below 17200 levels for an upside movement till 17600---17650 levels in an intraday session.

Bank Nifty Futures

Bank Nifty has resistance around 37800, breaks and sustains above 37800 will see an upside movement till 38350--38500 levels in an intraday session.

Otherwise, Support around 37250, breaks below 37250 will see an intraday downside fall till 36850---36700 levels.

Trading Strategy

Traders can buy Banknifty Future above 37800 with a stop loss below 37400 for an upside movement till 38350---38500 levels in an intraday trading session.

Stock Pick of the day

Buy MARICO around 500 levels, stop loss below 480 levels, for an upside movement till 530 +++ levels in the coming days. *T&C Apply...