Nifty turns 18, Next turn for Bank Nifty to cross 40000...

EQUITY BULLETIN ON 12 OCT 2021

Nifty Future

Nifty has resistance around 18080 if it breaks and sustains above 18080 will see an upside rally till 18180---18200 +++ levels in an intraday session.

Else Nifty has support around 17850, breaks below 17850 will see intraday fall till 17750---17700 levels.

Trading strategy

Traders can buy Nifty Future around 17950 with a stop loss below 17850 levels for an upside movement till 18180---18200 levels in an intraday session.

Bank Nifty Future

Bank Nifty has resistance around 38500, breaks and sustains above 38500 will see upside movement till 38750--38800 levels in an intraday session.

Otherwise, Support around 38000, breaks below 38000 will see an intraday downside fall till 37800---37750 levels.

Trading Strategy

Traders can buy Banknifty Future around 38250 with a stop loss below 38000 for an upside movement till 38750---38800 levels in an intraday trading session.

Stock Pick of the day

Buy SHILPMED around 608 levels, stop loss below 590 levels, for an upside movement till 630 +++ levels in days to come. **T&C Apply...