Positive Start will Expect for the Day...

EQUITY BULLETIN FOR 28 AUGUST 2023

Nifty Futures

Nifty Futures successfully achieved our intraday downside targets in the last trading session. Now Nifty Futures has near support around 19200 and upside near hurdle around 19350 levels. Break above 19350 will see an upside move till 19430-19500 levels and further upside will expect on close above 19500 levels in the upcoming trading session.

On the other side, Nifty has immediate support around 19200 levels, break and sustain below 19200 will see a downside fall till 19100 levels. More downside will expect on close below 19000 levels.

Trading strategy

Traders can Buy Nifty Future around 19250 with a stop loss below 19150 levels for the upside movement till 19340— 19420 levels.

Bank Nifty Futures

Bank Nifty again fall sharply and closed on a negative note in the last trading session. Bank Nifty has near support around 43900 and near resistance around 44350, breaks and sustains above 44350 will see an upside movement till 44500-44650 levels.

On the lower side, Bank Nifty has a near support around 43900, break and sustain below 43900 will see a fresh downfall fall till 43700-43600 levels.

Trading Strategy

Traders can enter on dips around 44000 with a stop loss below 43800 for the upside movement till 44250—44500 levels in an intraday trading session.

Stock Pick of the day

TATA ELXSI (28/08/2923)

Buy Tataelxsi above 7325 for the upside move till 7450 and then to 7555 levels in the coming days. Stop loss below 7200.

*T&C Apply…