Will Nifty Break The Major Hurdle or Make a U-turn?

EQUITY BULLETIN FOR 13 FEBRUARY 2023

Nifty Futures

Nifty Futures formed a slightly positive candles on the charts and closed around the crucial level in the last trading session. Now Nifty has near support around 17800 and upside crucial hurdle around 17950 levels. Break above 17950 will see an upside move till 18050-18150 levels in the upcoming trading session.

On the other side, Nifty has crucial support around 17800 levels, break and close below 17800 will see a downside fall till 17700 levels.

Trading strategy

Traders can Buy Nifty Future above 17950 with a stop loss below 17800 levels for the upside movement till 18050— 18150 levels.

Bank Nifty Futures

Bank Nifty stucked in the small range but formed a green candle in the last trading session. Bank Nifty has near resistance around 41800, breaks and sustains above 41800 will see an upside movement till 42000-42250 levels.

On the lower side, Bank Nifty has a major support around 41400, break and a daily close below 41400 will see a fresh downfall fall till 41000 levels.

Trading Strategy

Traders can Buy Bank Nifty Future above 41800 with a stop loss below 41500 for the upside movement till 42050—42200 levels in an intraday trading session.

Stock Pick of the day

ZEEL

Buy Zeel Future above 230 for the upside move till 236 and then to 240 levels in the coming days. Stop loss below 224.

*T&C Apply…