Market still trading under pressure...

EQUITY BULLETIN FOR 17 MAY 2022 Nifty Futures Nifty still trading under pressure and closed below major support levels in the last trading session. Now Nifty has resistance around 15950 if it breaks and sustain above 15950 will see an upside rally till 16000 — 16100 levels in an intraday session. On the other side, Nifty has major support around 15750, break and close below 15750 will see a downside fall till 15650 — 15600 levels in an intraday session. Trading strategy Traders can buy Nifty Future above 15950 with a stop loss below 15800 levels for the upside movement till 16050 — 16150 levels in an intraday session. Bank Nifty Futures Bank Nifty has given a slightly positive move in the last trading session. Bank Nifty has resistance around 33850, breaks and sustains above 33850 will see an upside movement till 34000-34200 levels in an intraday session. Otherwise, near support around 33300, breaks below 33300 will see a fresh downside fall till 33000-32800 levels in an upcoming session. Trading Strategy Traders can sell Banknifty Future below 33300 with a stop loss above 33800 for the downside movement till 33000—32800 levels in an intraday trading session. Stock Pick of the day DELTACORP Buy Deltacorp above 232 for the upside move till 238 and then to 242 levels in the coming days. Stop loss below 225. *T&C Apply…