Gap Up Opening will Expect for the Day...

Daily Equity Bulletin

Nifty could not hold the higher level closed at 24773. TATA MOTORS was the top gainer yesterday, gaining 4.02% and TRENT was the top loser today, decline 3.85%.

The Asian market closed highly positive yesterday. Nikkei closed above 1.45% and Hang closed above 0.85%.

Nifty Auto was the top sector performer yesterday, gaining over 3.3%. Nifty IT was the top loser sector yesterday.

India & EU eyeing to seal a FREE TRADE AGREEMENT by December.

Nifty

Nifty almost closed flat for the consecutive day. Support around 24680, break below this level will see a downside move towards 24600-24560 levels. Key resistance around 24860, break and sustain above this level will expectan upside move till 24940-25000 level.

📌 Trading Strategy:

🔻 Buy Nifty future above 24850

🎯 Target: 24940-25000

🚫 Stop Loss: Below 24770

Bank Nifty

In the previous session, Bank Nifty closed with a minor gain at 54186. Support around 54000, break below this level will see downside move till 53700-53600 mark. On the other side, resistance around 54400 break and sustain above this level will see upside move till 54700-54800 levels.

📌 Trading Strategy:

🔻 Buy Bank Nifty future above 54650

🎯 Target: 54900

🚫 Stop Loss: Below 54400

Top Pick

Buy Bandhan Bank above 165.

Stop loss below 162.

Target-169-172.