Profit booking continues from higher levels...

EQUITY BULLETIN FOR 04 FEB 2022

Nifty Futures

Nifty has resistance around 17700 if it breaks and sustains above 17700 will see an upside rally till 17880---17950 levels in an intraday session.

Else Nifty has support around 17450, breaks below 17450 will see intraday fall till 17300---17200 levels.

Trading strategy

Traders can sell Nifty Future around 17600 with a stop loss above 17700 levels for a downside movement till 17400---17300 levels in an intraday session.

Bank Nifty Futures

Bank Nifty has resistance around 39500, breaks and sustains above 39500 will see an upside movement till 39850--39900 levels in an intraday session.

Otherwise, Support around 38800, breaks below 38800 will see an intraday downside fall till 38500---38350 levels.

Trading Strategy

Traders can sell Banknifty Future around 39200 with a stop loss above 39500 for a downside movement till 38500---38350 levels in an intraday trading session.

Stock Pick of the day

Buy VBL above 950 levels, stop loss below 920 levels, for an upside movement till 990---1000 +++ levels in the coming days. *T&C Apply...