Will Market Bounce After RBI Policy?

EQUITY BULLETIN FOR 07 DEC 2022

Nifty Futures

Nifty has resistance around 18800 if it breaks and sustains above 18800 will see an upside rally till 18900-18950 levels in an intraday session.

Else Nifty has support around 18650, break below 18650 will see intraday downside fall till 18600-18550 levels in an intraday session.

Trading strategy

Traders can buy Nifty Future around 18650 with a stop loss below 18550 levels for an upside movement till 18750-18800 levels in an intraday session.

Bank Nifty Futures

Bank Nifty has resistance around 43600, breaks and sustains above 43600 will see an upside movement till 43700-43750 levels in an intraday session.

Otherwise, Support around 43200, breaks below 43200 will see an intraday downside fall till 43000-42900 levels in an intraday session.

Trading Strategy

Traders can buy Banknifty Future around 43300 with a stop loss below 43000 for an upside movement till 43600-43750 levels in an intraday trading session.

Stock Pick of the day

Buy Indhotel above 332 with sl of 328 and Target is 335.50-339