Gap Down Opening Will Expect for the Day...

Daily Equity Bulletin

In the last trading session, the market witness profit booking after 4 day gain. Geopolitical factors remain cautious as Iran hormuz action violate expectation and US military completes new round of attacks, striking 80 targets in Iran including air defenses, radar sites, missile systems, and IRGC boats.

Asia equity traded on a negative note as geopolitical factor concern.

Gift Nifty indicates gap down opening for the day.

Nifty

In the Last session, Nifty closed down -0.13% at 24398. Strong Support around 24200, break below this level will see a downside move towards 24100-24040 levels. Resistance around 24400, break and sustain above this level will see upside move till 25480-24550 level.

📌 Trading Strategy:

Buy Nifty future around 24200

🎯 Target: 24320-24350

🚫 Stop Loss: 24080

Bank Nifty

In the previous trading session, Bank Nifty ended with a minor decline of -0.16%. Support around 58000, break below this level will test downside level till 57750-57600 mark. On the other side, major resistance around 58500, break and sustain above this level will see sharp upside move till 58750-58900.

📌 Trading Strategy:

🔻 Buy Bank Nifty future around 58000

🎯 Target: 58300-58500

🚫 Stop Loss: 57700

Top Pick- INFY

Buy INFY future around 1060. Stop loss below 1040. Target-1085-1100.