Volatile Session will Expect for the day.

EQUITY BULLETIN FOR 09 FEBRUARY 2023

Nifty Futures

Nifty Futures performed well as per our expectations in the last trading session. Now Nifty has near support around 17800 and upside crucial hurdle around 17950 levels. Break above 17950 will see an upside move till 18050-18100 levels in the upcoming trading session.

On the other side, Nifty has crucial support around 17800 levels, break and close below 17800 will see a downside fall till 17700 levels.

Trading strategy

Traders can Buy Nifty Future around 17800 with a stop loss below 17700 levels for the upside movement till 18950 — 18000 levels.

Bank Nifty Futures

Bank Nifty is facing hurdle at the higher levels. Bank Nifty has near resistance around 42000, breaks and sustains above 42000 will see an upside movement till 42300-42450 levels.

On the lower side, Bank Nifty has a major support around 41500, break and a daily close below 41500 will see a fresh downfall fall till 41200-41000 levels.

Trading Strategy

Traders can Buy Bank Nifty Future around 41300 with a stop loss below 41000 for the upside movement till 41700—41900 levels in an intraday trading session.

Stock Pick of the day

Ibulhsgfin

Buy Ibulhsgfin Future above 122 for the upside move till 125 and then to 128 levels in the coming days. Stop loss below 118.

*T&C Apply…