Nifty Eyes on 22K Mark, IT Will Lead the Way...

EQUITY BULLETIN FOR 15 JANUARY 2024

Nifty Futures

Nifty Futures jumped sharply after the strong results from the major IT stocks in the last trading session. Now all the major sectors looks good for the bull run.

Now, Nifty Futures has near support around 21850 and upside near hurdle around 22000 levels. Break and sustain above 22000 will take it towards 22060-22120 levels. Any sharp dip will be a good buying opportunity.

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

Trading strategy

 Traders can Buy Nifty Future on dip around 21900 with a stop loss below 21820 levels for the upside movement till 22000— 22060 levels.

Bank Nifty Futures

Bank Nifty is taking its time for the next rally and we will expect a sharp rise in upcoming sessions. Bank Nifty has next support around 47700 and near resistance around 48100, breaks and sustains above 48100 will see an upside movement till 48400-48600 levels.

On the lower side, Bank Nifty has a next support range around 47700, a break and sustain below 47700 will see a fresh downfall fall till 47400-47200 levels.

Trading Strategy

Traders can Buy Bank Nifty above 48100 with a stop loss below 47700 for the upside movement till 48500—48700 levels in an intraday trading session.

Stock Pick of the day

INDIAMART (15/01/2024)

Buy Indiamart 2600 CE above 85 for the upside move till 105 and then to 120 levels in the coming days. Stop loss below 65.

*T&C Apply…