Profit Booking Will Expect From the Higher Levels...

EQUITY BULLETIN FOR 13 DECEMBER 2023

Nifty Futures

Nifty Futures dragged sharply from the higher levels and formed a bearish candle on the daily chart. Now, Nifty Futures has near support around 20940 and upside near hurdle around 21100 levels. Break above 21100 will see an upside move till 21160-21200 levels in the upcoming trading session.

On the other side, Nifty has immediate support around 20940 levels, break and sustain below 20940 will see a small correction till 20880 levels. More downside will expect on close below 20880 levels.

Trading strategy

Risky Traders can Buy Nifty Future around 20950 with a stop loss below 20880 levels for the upside movement till 21040— 21100 levels.

Bank Nifty Futures

Bank Nifty is forming a bearish pattern at all-time highs and closed on a bearish note in the last trading session. Bank Nifty has near support around 47200 and near resistance around 47600, breaks and sustains above 47600 will see an upside movement till 47800-48000 levels.

On the lower side, Bank Nifty has a near support around 47200, break and sustain below 47200 will see a fresh downfall fall till 47000 levels.

Trading Strategy

Traders can sell Bank Nifty on rise around 47450 with a stop loss above 47700 for the downside movement till 47200—47000 levels in an intraday trading session.

Stock Pick of the day

TATACOMM (13/12/2023)

Buy Tatacomm futures around 1730 for the upside move till 1760 and then to 1780 levels in the coming days. Stop loss below 1700.

*T&C Apply…