Market turns sharply after tension eases from Russia-Ukrain

EQUITY BULLETIN FOR 16 FEB 2022

Nifty Futures

Nifty has resistance around 17400 if it breaks and sustains above 17400 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 around 17350 with a stop loss below 17200 levels for an upside movement till 17600---17700 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 38650--38800 levels in an intraday session.

Otherwise, Support around 37800, breaks below 37800 will see an intraday downside fall till 37400---37250 levels.

Trading Strategy

Traders can buy Banknifty Future around 38100 with a stop loss below 37800 for an upside movement till 38600---38800 levels in an intraday trading session.

Stock Pick of the day

Buy LAURUSLABS around 542 levels, stop loss below 530 levels, for an upside movement till 570---580 +++ levels in the coming days. *T&C Apply...