Another Positive Move Will Expect for the Day...

Daily Equity Bulletin

The market saw a sharp upside in the previous session because of oversold zone and weekly expiry. Markets still extreme volatility amid geopolitical tensions, there is some significant progress has been made between the US and Iran, yesterdar Donald trump and Marco rubio said that the US IRAN deal might be reached any time soon but our focus only on Crude Oil so investor stay cautious till agreement done.

Nifty

Last session Nifty closed with upside of 0.7% at 23488. Strong Support around 23380, break below this level will see a downside move towards 23300-23260 levels. Resistance around 23550, break and sustain above this level will see upside move till 23640-23680 level.

📌 Trading Strategy:

Buy Nifty future on dip around 23420.

🎯 Target: 23580-23650

🚫 Stop Loss: 23300.

Bank Nifty

In the previous session, Bank Nifty is not much gain as much compare to nifty and closed up at 0.13%. Support around 53500, break below this level will test downside level till 53200-53100 mark. On the other side, resistance around 53900, break and sustain above this level will see upside move till 54100-54300.

📌 Trading Strategy:

🔻 Buy Bank Nifty future around 53700.

🎯 Target: 54100-54400

🚫 Stop Loss: 53400.

Top Pick- BHEL

Buy BHEL Futures around 411. Stop loss below 405. Target-418-422.