Bullish Start Will Expect for the Day...

Daily Equity Bulletin

Last week market Rebound at support level and we will expect Market continue its same momentum in this week. Shriramfin was the top gainer, and Maxhealth was the top loser

Nifty PSU Bank was the top performing sector in last week

Important News

Moody's: US economy on the brink of recession inflation could hit 4%

Bajaj Finance : Company Reports 26% Yearly Increase In New Loans To 12.17 Million,

NSE Changes Derivatives Market Lot Sizes Starting October 28. Nifty 50 Contract Lot Decreases From 75 To 65, Bank Nifty From 35 To 30, Nifty Financial Services From 60 To 40, And Nifty Mid Select From 140 To 120, While Nifty Next 50 Stays At 25.

Nifty

Last week Nifty gain 1.2% closed at 24893. Support around 24780, break below this level will see a downside move towards 24730-24680 levels. Key resistance around 24950, break and sustain above this level will see upside move till 25040-25100 level.

📌 Trading Strategy:

🔻Buy Nifty future around 24860

🎯 Target: 24940-25000

🚫 Stop Loss: 24770

Bank Nifty

In the previous session, Bank Nifty closed up at 0.44%. Support around 55200, break below this level will test downside level till 54950-54900 mark. On the other side, resistance around 55700, break and sustain above this level will see sharp upside move till 56000-56100.

📌 Trading Strategy:

🔻 Buy Bank Nifty future around 55600

🎯 Target: 56000-56200

🚫 Stop Loss: 55300

Sensex

Last week Sensex surged above 1000 point and closed around 81200. Support around 80900 break below will test downside level till 80500-80300. Resistance around 81500 break above this level will see upside move till 81900-82100.

Top Pick

Buy JIOFIN Future above 302. Stoploss below 297. Target-308-312.

Target