Market Indicates a Huge Gap Up Opening Amid Bullish Sentiment from Global Cues...

Daily Equity Bulletin

The market stuck in a range but today probably this range wil be broken. Market still shows extreme volatility due to global market and geopolitical concern, Yesterday late night trump confirm the deal is pretty much done and soon will be both party signed on this deal. After this news we saw a sharp fall in Crude Oil and trading below $90, this is a positive for global market as well as our market, so stay cautious, watch the global activity and do trade carefully.

Asia indices started the session firmly higher, tracking US market gains after President Trump cancelled proposed Iran strikes and suggested progress toward agreement.

Gift Nifty indicates a gap up opening for the day.

Nifty

In Last session, Nifty closed down -0.23% at 23161. Strong Support around 23150, break below this level will see a downside move towards 23050-22950 levels. Resistance around 23250, break and sustain above this level will see upside move till 23380-23440 level.

📌 Trading Strategy:

Buy Nifty future above 23300.

🎯 Target: 23450-23540

🚫 Stop Loss: 23180

Bank Nifty

In the previous session, Bank Nifty looks more stronger than Nifty but closed down with 0.17%. We will expect a sharp upside in today's sessions. Support around 55200, break below this level will test downside level till 54800-54650 mark. On the other side, major resistance around 55600, break and sustain above this level will see upside move till 56000-56350.

📌 Trading Strategy:

🔻 Buy Bank Nifty future around 55800.

🎯 Target: 56300-56600

🚫 Stop Loss: 55400

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