Market turns in favour of bulls...

EQUITY BULLETIN FOR 29 APRIL 2022

Nifty Futures

Nifty achieved our upside targets in the last trading session. Now Nifty has resistance around 17350 if it breaks and sustain above 17350 will see an upside rally till 17420 — 17500 levels in an intraday session.

Nifty has major support around 17100, an break below 17100 will see a downside fall till 17000 levels in an intraday session.

Trading strategy

Traders can buy Nifty Future around 17200 with a stop loss below 17100 levels for the upside movement till 17350 — 17420 levels in an intraday session.

Bank Nifty Futures

Bank Nifty formed a green candle in the last trading session. Bank Nifty has resistance around 36650, breaks and sustains above 36650 will see an upside movement till 36850-37000 levels in an intraday session.

Otherwise, Support around 36200, breaks below 36200 will see fresh downside fall till 36000-35800 levels in an upcoming session.

Trading Strategy

Traders can buy Banknifty Future around 36500 with a stop loss below 36200 for the upside movement till 36800—37000 levels in an intraday trading session.

Stock Pick of the day

Powergrid

Buy Powergrid above 238 for the upside move till 243 and then to 248 levels in the coming days. Stop loss above 233.

*T&C Apply…