Sentiments are Positive after 'Pran-Pratishtha' Ceremony...

EQUITY BULLETIN FOR 23 JANUARY 2024

Nifty Futures

Nifty Futures looks good and a gap up opening will expect for the day. We will expect fresh buying in upcoming sessions.

Now, Nifty Futures has near support around 21550 and upside near hurdle around 21750 levels. Break and sustain above 21750 will take it towards 21820-21880 levels.

On the other side, Nifty has near support around 21550 levels, break and sustain below 21500 will expect a downside fall till 21450-21400 levels.

Trading strategy

  Traders can Buy Nifty Future above 21650 with a stop loss below 21550 levels for the upside movement till 21750— 21800 levels.

Bank Nifty Futures

Bank Nifty again looks strong for the positive run and we will expect a sharp upside move for the day. Bank Nifty has next support around 45900 and near resistance around 46300, breaks and sustains above 46300 will see an upside movement till 46500-46600 levels.

On the lower side, Bank Nifty has a next support range around 45900, a break and sustain below 45900 will see a fresh downfall fall till 45700-45500 levels.

Trading Strategy

 Buy Bank Nifty around 46100 with a stop loss below 45800 for the upside movement till 46400—46600 levels in an intraday trading session.

Stock Pick of the day

CANBK (23/01/2024)

Buy Canbk Future above 480 for the upside move till 486 and then to 490 levels in the coming days. Stop loss below 480.

*T&C Apply…