Another ATH Will Expect for the Day in Nifty...

Daily Equity Bulletin

Last session Index closed on a weak note. TMPV was the top gainer, and MAX HEALTH was the top loser.

Nifty AUTO was the top performing sector in last session, gaining 0.79% and Nifty REALTY Service was the top loser sector.

Important News

India’s November GST Collections 1.7T Rupees Vs 1.96T Rupees (Mom), 1.82T (YoY)

INDIA INDUSTRIAL PRODUCTION (YOY) (OCT) Actual: 0.4% VS 4.0% Previous; EST 2.5%

Nifty

In the last trading session, Nifty closed Weak note at 26175. Support around 26080, break below this level will see a downside move towards 26000-25950 levels. Key resistance around 26260, break and sustain above this level will see upside move till 26320-26350 level.

📌 Trading Strategy:

🔻Buy Nifty future above 26380.

🎯 Target: 26500

🚫 Stop Loss: 26260

Bank Nifty

In the previous trading session, Bank Nifty closed down at -0.12%. Support around 59500, break below this level will test downside level till 59400-59300 mark. On the other side, resistance around 59800, break and sustain above this level will see sharp upside move till 60000-60200.

📌 Trading Strategy:

🔻 Buy Bank Nifty future above 60100

🎯 Target: 60400-60550

🚫 Stop Loss: 59700

Top Pick

Buy MANAPPURAM above 285

Target 292-294. Stop Loss below 279.