Short-covering continuous in the market...

EQUITY BULLETIN FOR 23 DEC 2021

Nifty Future

Nifty has resistance around 17000 if it breaks and sustains above 17000 will see an upside rally till 17150---17200 levels in an intraday session.

Else Nifty has support around 16800, breaks below 16800 will see intraday fall till 16650---16600 levels.

Trading strategy

Traders can buy Nifty Future around 16900 with a stop loss below 16800 levels for an upside movement till 17100---17200 levels in an intraday session.

Bank Nifty Future

Bank Nifty has resistance around 35200, breaks and sustains above 35200 will see upside movement till 35450--35500 levels in an intraday session.

Otherwise, Support around 34700, breaks below 34700 will see an intraday downside fall till 34400---34250 levels.

Trading Strategy

Traders can buy Banknifty Future around 35000 with a stop loss below 34750 for an upside movement till 35300---35500 levels in an intraday trading session.

Stock Pick of the day

Buy JUSTDIAL around 820 levels, stop loss below 795 levels, for an upside movement till 850---860 +++ levels in coming days. *T&C Apply...