Positive momentum continues in the market...

EQUITY BULLETIN FOR 04 JAN 2022

Nifty Future

Nifty has resistance around 17700 if it breaks and sustains above 17700 will see an upside rally till 17835---17880 levels in an intraday session.

Else Nifty has support around 17500, breaks below 17500 will see intraday fall till 17380---17320 levels.

Trading strategy

Traders can buy Nifty Future around 17600 with a stop loss below 17500 levels for an upside movement till 17800---17850 levels in an intraday session.

Bank Nifty Future

Bank Nifty has resistance around 36700, breaks and sustains above 36700 will see upside movement till 37000--37150 levels in an intraday session.

Otherwise, Support around 36200, breaks below 36200 will see an intraday downside fall till 35900---35820 levels.

Trading Strategy

Traders can buy Banknifty Future around 36400 with a stop loss below 36200 for an upside movement till 36800---37000 levels in an intraday trading session.

Stock Pick of the day

Buy MUTHOOTFIN around 1528 levels, stop loss below 1488 levels, for an upside movement till 1570---1585 +++ levels in coming days. *T&C Apply...