Nifty Eyes on 22K Mark Amid Supportive Global Cues...

EQUITY BULLETIN FOR 28 DECEMBER 2023

Nifty Futures

Nifty Futures again skyrocketed and closed on a record highs in the last trading session. Now, Nifty Futures has near support around 21850 and upside near hurdle around 22000 levels. Break and sustain above 22000 will take it towards 22080-21110 levels in the upcoming trading sessions.

On the other side, Nifty has near support around 21850 levels, break and sustain below 21850 will expect a downside till 21750-21700 levels.

Trading strategy

 Traders can Sell Nifty Future around 22040 with a stop loss above 22120 levels for the downside movement till 21920— 21850 levels.

Bank Nifty Futures

Bank Nifty still looks bullish after consecutive positive sessions on the daily chart. We will expect further upside in days to come. Bank Nifty has near support around 48600 and near resistance around 49000, breaks and sustains above 49000 will see an upside movement till 49200-49300 levels.

On the lower side, Bank Nifty has a near support around 48600, a break and sustain below 48600 will see a fresh downfall fall till 48400-48300 levels.

Trading Strategy

Traders can Buy Bank Nifty on dip around 48500 with a stop loss below 48250 for the upside movement till 48750—48900 levels in an intraday trading session.

Stock Pick of the day

 SWAN ENERGY (29/12/2023)

Buy Swan Energy above 515 for the upside move till 535 and then to 550 levels in the coming days. Stop loss below 495.

*T&C Apply…