Flat to Positive Opening Will Expect for the Month...

Daily Equity Bulletin

Last week, particularly in the final session, the market saw a significant decline in the final 30 minutes due to MSCI rebalancing. Markets experienced extreme volatility amid geopolitical tensions, as no significant agreement has been reached between the US and Iran, and this volatility is expected to continue for another week.

Nifty

Last session Nifty closed with decline of 1.5% at 23547. Strong Support around 23450, break below this level will see a downside move towards 23350-23260 levels. Key resistance around 23660, break and sustain above this level will see upside move till 23760-23820 level.

📌 Trading Strategy:

🔻Buy Nifty future on around 23700

🎯 Target: 23880-23940

🚫 Stop Loss: 24600

Bank Nifty

In the previous session, Bank Nifty is not fall as much as nifty and closed down at 1.12%. Support around 53900-54000, break below this level will test downside level till 53600-53400 mark. On the other side, resistance around 54600, break and sustain above this level will see upside move till 55000.

📌 Trading Strategy:

🔻 Buy Bank Nifty future above 54900

🎯 Target: 55100-55250

🚫 Stop Loss: 54650

Top Pick- Glenmark

Buy Glenmark 2300 CE above 120. Stop loss below 85. Target-170-200.