Nifty is Heading Towards 20K Mark...

EQUITY BULLETIN FOR 11 SEPTEMBER 2023

Nifty Futures

Nifty Futures performed well and achieved our upside targets in the last trading session. Now Nifty is heading towards 20000 mark and we will expect it to break this level in 2-3 trading sessions.

Now Nifty Futures has near support around 19800 and upside near hurdle around 19920 levels. Break above 19920 will see an upside move till 20000 levels and further upside will expect on close above 20000 levels in the upcoming trading session.

On the other side, Nifty has immediate support around 19800 levels, break and sustain below 19800 will see a downside fall till 19720-19680 levels.

Trading strategy

Traders can Buy Nifty Future around 19850 with a stop loss below 19750 levels for the upside movement till 19940— 20000 levels.

Bank Nifty Futures

Bank Nifty again performed well and closed on a positive note in the last trading session. Bank Nifty has near support around 45000 and near resistance around 45550, breaks and sustains above 45550 will see an upside movement till 45800-45950 levels.

On the lower side, Bank Nifty has a major support around 45000, break and sustain below 45000 will see a fresh downfall fall till 44800-44700 levels.

Trading Strategy

Traders can enter on dips around 45200 with a stop loss below 44900 for the upside movement till 45500—45600 levels in an intraday trading session.

Stock Pick of the day

TATA MOTORS (11/09/2923)

Buy Tata Motors around 625 for the upside move till 634 and then to 640 levels in the coming days. Stop loss below 615.

*T&C Apply…