Will Nifty break 17350 or take U-turn from these levels...

EQUITY BULLETIN FOR 31 DEC 2021

Nifty Future

Nifty has resistance around 17300 if it breaks and sustains above 17300 will see an upside rally till 17450---17500 levels in an intraday session.

Else Nifty has support around 17150, breaks below 17150 will see intraday fall till 17000---16900 levels.

Trading strategy

Traders can buy Nifty Future above 17250 with a stop loss below 17150 levels for an upside movement till 17450---17500 levels in an intraday session.

Bank Nifty Future

Bank Nifty has resistance around 35200, breaks and sustains above 35200 will see upside movement till 35450--35600 levels in an intraday session.

Otherwise, Support around 34800, breaks below 34800 will see an intraday downside fall till 34650---34500 levels.

Trading Strategy

Traders can buy Banknifty Future above 35200 with a stop loss below 34850 for an upside movement till 34450---34600 levels in an intraday trading session.

Stock Pick of the day

Buy POLYMED around 935 levels, stop loss below 910 levels, for an upside movement till 980---1000 +++ levels in coming days. *T&C Apply...