Market Expect to Open in a Green with Supportive Global Cues..

Daily Equity Bulletin

In the last session, Market opened gap up but didn’t sustained and closed negative. Volatility persists on both sides of the market, as war-like tensions remains intact between the US and Iran. Brent Crude Oil still above $95.

Asia-Pac equities open at a positive news buoyed by the stronger global risk sentiment

Gift Nifty indicates a positive opening for the day.

Nifty

In the Last session, Nifty closed down -0.17% at 23873. Nifty again holds its strong support of 23800 and also filled the gap. Strong Support around 23800, break below this level will see a fresh downside move towards 23650-23550 levels. Resistance around 24000, break and sustain above this level will see upside move till 24120-24200 level.

📌 Trading Strategy:

Buy Nifty future on above 24050.

🎯 Target: 24200-24300

🚫 Stop Loss: 23900

Bank Nifty

In the previous session, Bank Nifty closed positive with 0.36% gain. Support around 57000, break below this level will test downside level till 56850-56700 mark. On the other side, major resistance around 57500, break and sustain above this level will see upside move till 57850-58000.

📌 Trading Strategy:

🔺 Buy Bank Nifty future around 57500.

🎯 Target: 57900-58200

🚫 Stop Loss: 57200

Top Pick- Coforge

Buy Coforge 1960 CE above 65. Stop loss below 38. Target-100-120.