Another Weak Opening Will Expect for the Day...

Daily Equity Bulletin

In the last trading session, the market bounced sharply from 24000 level and closed above 24200. Geopolitical factors remain cautious as Iran partially closed hormuz and both US and Iran exchange strike against each other. Crude oil surged over $80, so stay cautious and trade carefully.

Asian Markets traded on a negative note as geopolitical tensions rises.

Gift Nifty indicates gap down opening for the day.

Nifty

In the Last session, Nifty closed flat 0.02% at 24211. Strong Support around 24000, break below this level will see a downside move towards 23880-23800 levels. Resistance around 24250, break and sustain above this level will see upside move till 24320-24360 level.

📌 Trading Strategy:

Buy Nifty future around 24000.

🎯 Target: 24120-24200

🚫 Stop Loss: 23900

Bank Nifty

In the previous trading session, Bank Nifty ended with small gain of 0.15%. Support around 57800, break below this level will test downside level till 57600-57489 mark. On the other side, major resistance around 58350, break and sustain above this level will see sharp upside move till 58600-58850.

📌 Trading Strategy:

🔻 Buy Bank Nifty future around 57800.

🎯 Target: 58100-58300

🚫 Stop Loss: 57400

Top Pick- INFY

Buy INFY future above 1100. Stop loss below 1070. Target-1140-1160.