Market still looks good but be cautious at higher levels...

EQUITY BULLETIN FOR 29 DEC 2021

Nifty Future

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 17150, breaks below 17150 will see intraday fall till 17000---16900 levels.

Trading strategy

Traders can buy Nifty Future around 17200 with a stop loss below 17150 levels for an upside movement till 17400---17500 levels in an intraday session.

Bank Nifty Future

Bank Nifty has resistance around 35500, breaks and sustains above 35500 will see upside movement till 35750--35800 levels in an intraday session.

Otherwise, Support around 35000, breaks below 35000 will see an intraday downside fall till 34800---34750 levels.

Trading Strategy

Traders can buy Banknifty Future above 35350 with a stop loss below 35000 for an upside movement till 35700---35800 levels in an intraday trading session.

Stock Pick of the day

Buy WELSPUNIND around 147 levels, stop loss below 142 levels, for an upside movement till 154---157 +++ levels in coming days. *T&C Apply...