Weakness continues in the Dalal street...

EQUITY BULLETIN FOR 08 MARCH 2022 Nifty Futures Nifty has resistance around 16950 if it breaks and sustains above 16950 will see a sharp short covering till 17080---17150 levels in an intraday session. Else Nifty has support around 16800, breaks below 16800 will see intraday fall till 16700 levels. More downside will expect on close below 16700 levels till 16550. Trading strategy Traders can buy Nifty Future above 16950 with a stop loss above 16800 levels for a upside movement till 17080---17150 levels in an intraday session. Bank Nifty Futures Bank Nifty has resistance around 33200, breaks and sustains above 33200 will see an upside movement till 33500--33800 levels in an intraday session. Otherwise, Support around 32600, breaks below 32600 will see an intraday downside fall till 32400 levels. If break below 32400 then it will test 32200-32000 levels. Trading Strategy Traders can sell Banknifty Future below 32400 with a stop loss above 32650 for a downside movement till 32200---32000 levels in an intraday trading session. Stock Pick of the day Buy Graphite around 480 levels, stop loss below 455 levels, for an upside movement till 510---530 +++ levels in the coming days. *T&C Apply...