Volatility may expect due to RBI Policy

EQUITY BULLETIN FOR 08 APRIL 2022

Nifty Futures

Nifty successfully achieved our downside targets in the last trading session. Now Nifty has resistance around 17850 if it breaks and sustains above 17850 will see an upside rally till 17950 — 18100 levels in an intraday session.

Nifty has support around 17600, an break below 17600 will see intraday downside fall till 17500 — 17450 levels in an intraday session.

Trading strategy

Traders can buy Nifty Future on dip around 17620 with a stop loss below 17500 levels for an upside movement till 17750 — 17850 levels in an intraday session.

Bank Nifty Futures

Bank Nifty trying to enter in a positive zone. Bank Nifty has resistance around 37900, breaks and sustains above 37900 will see an upside movement till 38150–38300 levels in an intraday session.

Otherwise, Support around 37300, breaks below 37300 will see an intraday downside fall till 36000 levels in an intraday session.

Trading Strategy

Traders can buy Banknifty Future above 37900 with a stop loss below 37500 for an upside movement till 38200—38400 levels in an intraday trading session.

Stock Pick of the day

BSOFT

Buy BSOFT above 495 for the upside move till 505 and then to 515 levels in the coming days. Stop-loss above 484.

*T&C Apply…