More profit booking will expect from higher levels...

EQUITY BULLETIN FOR 19 JAN 2022

Nifty Futures

Nifty has resistance around 18350 if it breaks and sustains above 18300 will see an upside rally till 18450---18500 levels in an intraday session.

Else Nifty has support around 18000, breaks below 18000 will see intraday fall till 17880---17780 levels.

Trading strategy

Traders can sell Nifty Future around 18200 with a stop loss above 18350 levels for a downside movement till 17880---17780 levels in an intraday session.

Bank Nifty Futures

Bank Nifty has resistance around 39000, breaks and sustains above 39000 will see upside movement till 39350--39500 levels in an intraday session.

Otherwise, Support around 38000, breaks below 38000 will see an intraday downside fall till 37600---37500 levels.

Trading Strategy

Traders can sell Banknifty Future around 38500 with a stop loss above 39000 for a downside movement till 37600---37500 levels in an intraday trading session.

Stock Pick of the day

Sell BATAINDIA FUTURE around 2010 levels, stop loss above 2060 levels, for a downside movement till 1925---1900 levels in coming days. *T&C Apply...