Bank Nifty Eyes on 60K Mark...

Daily Equity Bulletin

Indian market hit New all Time high yesterday. Global cues remained extremely positive, Asia and US market closed on positive note.

Nifty Media was the top performing sector in last session and Nifty Realty was the top loser sector.

Nifty

Nifty hit all time high after 14 months. Support around 26150, break below this level will see a downside move till 26080-26040 levels. Key resistance around 26300, break and sustain above this level will hit a fresh intraday all time high.

📌 Trading Strategy:

🔻Buy Nifty future around 26350

🎯 Target: 26460-24550

🚫 Stop Loss: 26250

Bank Nifty

In the previous session, Bank Nifty hit fresh new high. Support around 59500, break below this level will test downside level till 59300-59200 mark. On the other side, resistance around 59800, break and sustain above this level will see fresh new high till 60200 mark.

📌 Trading Strategy:

🔻 Buy Bank Nifty future around 59600

🎯 Target: 60000-60300

🚫 Stop Loss: 59300

Top Pick

Buy Sonacoms futures above 515. Stoploss below 504. Target-528-535.