We will expect a weak start for the week...

EQUITY BULLETIN FOR 11 JULY 2022

Nifty Futures

The market is moving around the crucial resistance zone. Now Nifty has a near resistance zone around 16300 and support around 16100. Break and sustain above 16300 will see an upside rally till 16420 — 16530 levels in the upcoming trading sessions.

On the other side, Nifty has near support around 16100 levels, break and close below 16100 will see a downside fall till 16000-15900 levels.

Trading strategy

Traders can buy Nifty Future around 16100 with a stop loss below 15950 levels for the upside movement till 16250 — 16300 levels.

Bank Nifty Futures

Bank Nifty recovered well and trading around good levels. Bank Nifty has near resistance around 35400, breaks and sustains above 35400 will see an upside movement till 35700-35900levels.

We have downside support around 34850, breaks below 34850 will see a fresh downside fall till 34600-34400 levels in an upcoming session.

Trading Strategy

Traders can buy Banknifty Future above 34400 with a stop loss below 34000 for the upside movement till 34700—34900 levels in an intraday trading session.

Stock Pick of the day

POWERGRID

Buy Powergrid on dip around 215 for the upside move till 222 and then to 225 levels in the coming days. Stop loss below 215.

*T&C Apply…