We will expect more volatility on weekly expiry...

EQUITY BULLETIN FOR 09 JUNE 2022 Nifty Futures After the RBI policy, the market has given a both side move but closed on a weaker note in the last trading session. Now Nifty has near resistance around 16450 if it breaks and a daily close above 16450 will see a sharp upside rally till 16600 — 16650 levels in the upcoming trading sessions. On the other side, Nifty has major support around 16200, break and close below 16200 will see a downside fall till 16050 —16000 levels in upcoming session. Trading strategy Traders can buy Nifty Future around 16230 with a stop loss below 16100 levels for the upside movement till 16360 — 16450 levels. Bank Nifty Futures After successfully achieved our upside target, Bank Nifty crashed and closed at lower levels. Bank Nifty has near resistance around 35555, breaks and sustains above 35555 will see an upside movement till 35850-36000 levels. Otherwise, major support range around 34900, breaks below 34900 will see a fresh downside fall till 34700-34500 levels in an upcoming session. Trading Strategy Traders can buy Banknifty Future above 35555 with a stop loss below 35200 for the upside movement till 35850—36000 levels in an intraday trading session. Stock Pick of the day BIOCON Buy Biocon around 317 for the upside move till 325 and then to 330 levels in the coming days. Stop loss below 310. *T&C Apply…