Profit booking will expect for the day...

EQUITY BULLETIN FOR 06 JAN 2022

Nifty Future

Nifty has resistance around 18000 if it breaks and sustains above 18000 will see an upside rally till 18130---18180 levels in an intraday session.

Else Nifty has support around 17800, breaks below 17800 will see intraday fall till 17700---17650 levels.

Trading strategy

Traders can buy Nifty Future above 18000 with a stop loss below 17900 levels for an upside movement till 18130---18180 levels in an intraday session.

Bank Nifty Future

Bank Nifty has resistance around 38000, breaks and sustains above 38000 will see upside movement till 38350--38500 levels in an intraday session.

Otherwise, Support around 37400, breaks below 37400 will see an intraday downside fall till 37150---37000 levels.

Trading Strategy

Traders can buy Banknifty Future above 38000 with a stop loss below 37700 for an upside movement till 3835---38500 levels in an intraday trading session.

Stock Pick of the day

Buy OBEROIRLTY around 915 levels, stop loss below 890 levels, for an upside movement till 950---965 +++ levels in coming days. *T&C Apply...