Nifty Stucked in a very tight Range.

EQUITY BULLETIN FOR 25 JANUARY 2023

Nifty Futures

Nifty still stucked in a narrow range. Now Nifty has near support around 18000 and upside hurdle around 18200 levels. Break above 18200 will see fresh upside move till 18270-18300 levels in the upcoming trading session.

On the other side, Nifty has near support around 18000 levels, break and close below 18000 will see a downside fall till 17900-17800 levels.

Trading strategy

Traders can Buy Nifty Future above 18200 with a stop loss above 18050 levels for the upside movement till 18300 — 18340 levels.

Bank Nifty Futures

Bank Nifty is taking hurdle at upper levels. Bank Nifty has near resistance around 43000, breaks and sustains above 43000 will see an upside movement till 43200-43350 levels.

We have a downside support around 42600, breaks below 42600 will see a downside fall till 42300 level in an upcoming session.

Trading Strategy

Traders can buy Banknifty Future around 42500 with a stop loss below 42300 for the upside movement till 42800—43100 levels in an intraday trading session.

Stock Pick of the day

NYKAA

Buy Nykaa around 131 for the upside move till 140 and then to 145 levels in the coming days. Stop loss below 123.

*T&C Apply…