Market unable to hold positive momentum and looks weak...

EQUITY BULLETIN ON 18 NOV 2021

Nifty Future

Nifty has resistance around 18050 if it breaks and sustains above 18050 will see an upside rally till 18140---18200 +++ levels in an intraday session.

Else Nifty has support around 17800, breaks below 17800 will see intraday fall till 17700 levels.

Trading strategy

Traders can Sell Nifty Future on rise around 18050 with a stop loss above 18150 levels for an upside movement till 17950---17900 levels in an intraday session.

Bank Nifty Future

Bank Nifty has resistance around 38500, breaks and sustains above 38500 will see upside movement till 38800--39000 levels in an intraday session.

Otherwise, Support around 38000, breaks below 38000 will see an intraday downside fall till 37800 levels.

Trading Strategy

Traders can sell Bank Nifty Future on the rise around 38400 with a stop loss above 38600 for a downside movement till 38100--37900 levels in an intraday trading session.

Stock Pick of the day

Sell MCX Future around 1900 levels, stop loss above 1940 levels, for a downside movement till 1850 levels upcoming session. *T&C Apply...