Nifty Futures Tumble Post Infosys Results, Fresh Bull Run Awaits Above 20000 Level

EQUITY BULLETIN FOR 24 JULY 2023

Nifty Futures

Nifty Futures experience significantj decline following Infosys' disappointing results, with key support at 19700 and resistance at 19900; Fresh Bull run expected beyond 20000.

A close above 20000 level crucial for a fresh bull run in Nifty Futures; Support lies near 19700, breakdown may lead to profit booking around 19620-19550 levels.

Trading strategy for Nifty Futures

Sell at 19900, stop loss at 20040, targeting downside movement to 19780-19720 levels.

Bank Nifty

Bank Nifty holds support at 46000 and aims for an upside movement beyond 46300; Major resistance at 46300, breakthrough may lead to 46500 levels.

Bank Nifty's major support sits at 45900, a sustained break below could trigger a sharp correction towards 45500 levels.

Trading strategy for Bank Nifty Futures

Buy above 46300, stop loss below 46000, targeting upside movement to 46500-46650 levels in intraday session.

Stock Pick of the day

ZOMATO

Buy Zomato above 81 for the upside move till 85 and then to 88 levels in the coming days. Stop loss below 77.

*T&C Apply…