Nifty @ All-Time High, Bank Nifty Eyes on 46K Mark...

EQUITY BULLETIN FOR 12 SEPTEMBER 2023

Nifty Futures

Nifty Futures has given a mindblowing rally and closed at All-Time High in the last trading session. We will expect further upside in upcoming sessions.

Now Nifty Futures has near support around 19900 and upside near hurdle around 20080 levels. Break above 20080 will see an upside move till 20150-20200 levels and further upside will expect on close above 20200 levels in the upcoming trading session.

On the other side, Nifty has immediate support around 19900 levels, break and sustain below 19900 will see a downside fall till 19800 levels.

Trading strategy

Traders can Buy Nifty Future around 20000 with a stop loss below 19900 levels for the upside movement till 20080— 20140 levels.

Bank Nifty Futures

Bank Nifty again performed well and heading towards 46K mark. Bank Nifty has near support around 45500 and near resistance around 45800, breaks and sustains above 45800 will see an upside movement till 46000-46100 levels.

On the lower side, Bank Nifty has a major support around 45500, break and sustain below 45500 will see a fresh downfall fall till 45300-45200 levels.

Trading Strategy

Traders can enter above 45800 with a stop loss below 45500 for the upside movement till 46000—46150 levels in an intraday trading session.

Stock Pick of the day

ABFRL (12/09/2923)

Buy ABFRL above 235 for the upside move till 240 and then to 244 levels in the coming days. Stop loss below 230.

*T&C Apply…