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

Daily Equity Bulletin

The market hovering around make or break level, Nifty index close below 23150 in previous session. Market still shows extreme volatility due to global market and geopolitical concern, US market was up in the last session. Iran and Israel again agree for ceasefire as for trump request, thats why Crude Oil trade around 93-94 level, so stay cautious, watch the global activity and do trade carefully.

Asian market start strong as sentiment strong on sign halt Iran Israel-strikes.

Gift Nifty indicates flat to neagtive opening for the day.

Nifty

Last session Nifty closed down -1.04% at 23123. Strong Support around 23050, break below this level will see a downside move towards 22950-22860 levels. Resistance around 23220, break and sustain above this level will see upside move till 23350-23400 level.

📌 Trading Strategy:

Buy Nifty future on around 23180.

🎯 Target: 23280-23350

🚫 Stop Loss: 23080

Bank Nifty

In the previous session, Bank Nifty give closed down at -0.79%. Support around 53900, break below this level will test downside level till 53700-53500 mark. On the other side, resistance around 54300, break and sustain above this level will see upside move till 54500-54600.

📌 Trading Strategy:

🔻 Buy Bank Nifty future around 53000.

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🎯 Target: 53300-53500

🚫 Stop Loss: 52700.

Top Pick Ashokley

Buy Ashokley 140 CE above 6.20. Stop loss below 4.80. Target-7.80-9.