Another Weak Session Will Expect Amid Rising Tensions From US-IRAN War...

Daily Equity Bulletin

The market stuck in a tight range of 300 point, yesterday we witness a sharp fall from 23400 level. Market still shows extreme volatility due to global market and geopolitical concern, too much volatility in the US market as AI chips stock crashed vertically and panic over there. Geopolitics continue as US carried more attack against Iran. Crude Oil show some gains as tension continue between US and Iran and trading around 94 level, so stay cautious, watch the global activity and do trade carefully.

Asian markets are broadly recover from lower levels trading around slightly negative.

Nifty

In Last session, Nifty closed slightly down -0.12% at 23214. Strong Support around 23123, break below this level will see a downside move towards 23030-22900 levels. Resistance around 23300, break and sustain above this level will see upside move till 23380-23440 level.

📌 Trading Strategy:

Buy Nifty future on around 23100.

🎯 Target: 23230-23300

🚫 Stop Loss: 22980.

Bank Nifty

In the previous session, Bank Nifty looks more stronger than Nifty but closed down with -0.17%. Support around 55000, break below this level will test downside level till 54800-54650 mark. On the other side, major resistance around 55555, break and sustain above this level will see upside move till 56000-56350.

📌 Trading Strategy:

🔻 Sell Bank Nifty future around 55300

🎯 Target: 55600

🚫 Stop Loss: 54800

Top Pick-BHEL

Buy BHEL 375 PE above 12.50. Stop loss below 10. Target-16-18.