Nifty Is Heading Towards All Time High

EQUITY BULLETIN FOR 25 NOV 2022

Nifty Futures

Nifty has resistance around 18700 if it breaks and sustains above 18700 will see an upside rally till 18820 — 18850 levels in an intraday session.

Else Nifty has support around 18400, break below 18400 will see intraday downside fall till 18300 — 18250 levels in an intraday session.

Trading strategy

Traders can buy Nifty Future around 18520 with a stop loss below 18400  levels for an upside movement till 18650 — 18700 levels in an intraday session.

Bank Nifty Futures

Bank Nifty has resistance around 43400, breaks and sustains above 43400 will see an upside movement till 43650–43800 levels in an intraday session.

Otherwise, Support around 42900, breaks below 42900 will see an intraday downside fall till 42700—42600 levels in an intraday session.

Trading Strategy

Traders can buy Banknifty Future above 43000 with a stop loss below 42750 for an upside movement till 43200—43400 levels in an intraday trading session.

Stock Pick of the day

Buy IEX around 145 with SL of 142 and target is 148-150