Flat Start Will Expect for the Week...

Daily Equity Bulletin

Last week, the market gave a flat move and stuck in a tight range. Geopolitical factors still little bit uncertain as Both Iran and US did ceasefire violation. Crude Oil still trade below $74.

Asia traded on a mixed note as investor monitored portfolio rebalancing at month end.

Gift Nifty indicates a Flat opening for the day.

Nifty

In Last session, Nifty closed up 0.14% at 24056. Strong Support around 23950, break below this level will see a downside move towards 23880-23800 levels. Resistance around 24150, break and sustain above this level will see upside move till 24240-24320 level.

📌 Trading Strategy:

Buy Nifty future around 24060.

🎯 Target: 24200

🚫 Stop Loss: 23950

Bank Nifty

In the previous trading session, Bank Nifty performed better than Nifty but ended with minor gain of 0.05%. Support around 58000, break below this level will test downside level till 57800-57650 mark. On the other side, major resistance around 58400, break and sustain above this level will see sharp upside move till 58650-58800.

📌 Trading Strategy:

🔻 Buy Bank Nifty future around 58200

🎯 Target: 58500-58700

🚫 Stop Loss: 57900

Top Pick- HDFC Bank

Buy HDFC Bank Future July on dip around 788. Stop loss below 772. Target-805-820.