Positive Opening Will Expect Amid Supportive Cues From Global Market...

EQUITY BULLETIN FOR 13 FEBRUARY 2024

Nifty Future Overview

Nifty witnessed a sharp profit booking from the higher levels and closed on a bearish note in the last trading session. Nifty closed near to crucial support level and a bounce may be expected in upcoming sessions.

Now, Nifty Future has near support around 21650 and upside near hurdle around 21800 levels. Break and sustain above 21800 will take it towards 21880-21950 levels.

On the other side, Nifty has near support around 21650 levels, break and sustain below 21650 will expect a downside fall till 21550 levels. Major downfall will expect on close below 21550 levels till the 21400 mark.

Trading strategy

Traders can Sell Nifty Futures below 21650 with a stop loss above 21750 levels for the downside movement till 21550— 21500 levels.

Bank Nifty Overview

Bank Nifty breached crucial support level and closed with a huge red candle in the last trading session. Bank Nifty has next support around 44800 and near resistance around 45300, breaks and sustains above 45300 will see an upside movement till 45500-45600 levels.

On the lower side, Bank Nifty has a next major support around 44800, a break and sustain below 44800 will see a downside fall till 44600-44500 levels.

Trading Strategy

Sell Bank Nifty Future on rise around 45300 with a stop loss above 45550 for the downside movement till 45000—44800 levels in an intraday trading session.

Trade cautiously with levels only.

Stock Pick of the Day

Tata Motors (13/02/2024)

Sell Tata Motors below 910 for the downside move till 900 and then to 892 levels in the coming days. Stop loss above 920.

*T&C Apply…