Both Side Volatility Will Expect on the Weekly Expiry...

Daily Equity Bulletin

The market saw a sharp decline in the previous session due to Fiis selling pressure. Markets witnessed extreme volatility amid geopolitical tensions, as no significant progress has yet been made between the US and Iran, and Iran confirmed yesterday that there is no longer any safe passage through the Strait of Hormuz and the blockade will continue, and Gift Nifty indicates the negative start for our market.

Nifty

Last session Nifty closed with decline of 0.7% at 23382. Strong Support around 23300, break below this level will see a downside move towards 23220-23180 levels. Resistance around 23450, break and sustain above this level will see upside move till 23540-23600 level.

📌 Trading Strategy:

Buy Nifty future on dip around 23350

🎯 Target: 23480-23550

🚫 Stop Loss: 23240

Bank Nifty

In the previous session, Bank Nifty is heavy fall as much nifty compare to nifty and closed down at 1.1%. Support around 53400, break below this level will test downside level till 53000-52800 mark. On the other side, resistance around 53800, break and sustain above this level will see upside move till 54100-54300.

📌 Trading Strategy:

🔻 Buy Bank Nifty future above 54800

🎯 Target: 55100-55400

🚫 Stop Loss: 54500

Top Pick

Buy Nationalum on dip around 430. Stop loss below 423. Target-437-442.