Will Nifty Test It's All time high or Not??

EQUITY BULLETIN FOR 21 NOV 2022

Nifty Futures

Nifty has resistance around 18450 if it breaks and sustains above 18450 will see an upside rally till 18540 — 18600 levels in an intraday session.

Else Nifty has support around 18250, break below 18250 will see intraday downside fall till 18150 — 18100 levels in an intraday session.

Trading strategy

Traders can buy Nifty Future around 18300 with a stop loss below 18200 levels for an upside movement till 18400 — 18600 levels in an intraday session.

Bank Nifty Futures

Bank Nifty has resistance around 42666, breaks and sustains above 42666 will see an upside movement till 42900–43000 levels in an intraday session.

Otherwise, Support around 42000, breaks below 42000 will see an intraday downside fall till 41900—41700 levels in an intraday session.

Trading Strategy

Traders can buy Banknifty Future above 42666 with a stop loss below 42350 for an upside movement till 42900—43000 levels in an intraday trading session.

Stock Pick of the day

Buy Indigo above 1800 with a SL of 1760 and target 1835-1850