Market still looks weak ahead of weekly expiry...

EQUITY BULLETIN FOR 20 JAN 2022

Nifty Futures

Nifty has resistance around 18020 if it breaks and sustains above 18020 will see an upside rally till 18130---18190 levels in an intraday session.

Else Nifty has support around 17900, breaks below 17900 will see intraday fall till 17800---17750 levels.

Trading strategy

Traders can buy Nifty Future above 18020 with a stop loss below 17900 levels for an upside movement till 18130---18190 levels in an intraday session.

Bank Nifty Futures

Bank Nifty has resistance around 38250, breaks and sustains above 38250 will see an upside movement till 38500--38650 levels in an intraday session.

Otherwise, Support around 37800, breaks below 37800 will see an intraday downside fall till 37500---37350 levels.

Trading Strategy

Traders can buy Banknifty Future above 38250 with a stop loss below 38000 for an upside movement till 38500---38650 levels in an intraday trading session.

Stock Pick of the day

Buy INDUSTOWER around 268 levels, stop loss below 260 levels, for an upside movement till 280---285 levels in coming days. *T&C Apply...