Nifty Standing Near All time High

EQUITY BULLETIN FOR 29 NOV 2022

Nifty Futures

Nifty has resistance around 18750 if it breaks and sustains above 18750 will see an upside rally till 18820 — 18850 levels in an intraday session.

Else Nifty has support around 18500, break below 18500 will see intraday downside fall till 18420 — 18350 levels in an intraday session.

Trading strategy

Traders can buy Nifty Future around 18540 with a stop loss below 18450  levels for an upside movement till 18650 — 18700 levels in an intraday session.

Bank Nifty Futures

Bank Nifty has resistance around 43500, breaks and sustains above 43500 will see an upside movement till 43700–43800 levels in an intraday session.

Otherwise, Support around 43000, breaks below 43000 will see an intraday downside fall till 42700—42600 levels in an intraday session.

Trading Strategy

Traders can sell Banknifty Future below 43000 with a stop loss below 43250 for an upside movement till 42800—42700 levels in an intraday trading session.

Stock Pick of the day

Buy Lichsgfin around 385 with Sl of 375 and target is 395-400