Another Weak Opening Will Expect for the Day...

DAILY EQUITY BULLETIN

Bank Nifty surprised everyone yesterday, closing with a gain of over 1% in the CAS session. Significant volatility persists on both sides of the market, as war-like tensions have once again emerged between the US and Iran, and crude oil prices have crossed the $90 mark.

India Q1FY27 GDP growth has come in strong

Real GDP growth came in at 7.8% YoY, well ahead of the 7.3% consensus.

Today’s focus on Auto Sector as auto companies give their monthly sales no, so stay cautious and trade with strict stop loss.

Asia equity in pressure after Wall Street negative session and rising oil prices .

Gift Nifty indicates a negative opening for the day.

Nifty

In Last session, Nifty closed down -0.39% at 24080. Strong Support around 24000, break below this level will see a downside move towards 23900-23840 levels. Resistance around 24150, break and sustain above this level will see upside move till 24240-24300 level.

📌 Trading Strategy:

Buy Nifty future on around 23900

🎯 Target: 24050

🚫 Stop Loss:. 23800

Bank Nifty

In the previous session, Bank Nifty closed up 0.9%. Support around 57500, break below this level will test downside level till 57300-57100 mark. On the other side, major resistance around 58100, break and sustain above this level will see upside move till 58350-58500.

📌 Trading Strategy:

🔻 Buy Bank Nifty future around 57400

🎯 Target: 57800-58000

🚫 Stop Loss: 57000

Top Pick- IDEA

Buy IDEA future on dip around 14.50. Stop loss below 14.