Market Indicates a Sharp Recovery, Banking and Financial May Lead...

Daily Equity Bulletin

In the last trading session, Nifty bounced from its important support of 23800, volatility persists on both sides of the market, as war-like tensions have once again emerged between the US and Iran. Last night Trump Said that he think this war will be no longer but also said new strike on Iran. Brent Crude Oil still holds above $95.

Asia-Pac equities edge higher at the open, taking a positive lead from wall street.

Gift Nifty indicates a postive opening for the day.

Nifty

In the Last session, Nifty closed down -0.59% at 23914. Nifty hold its strong support of 23800 and filled the gap. Strong Support around 23800, break below this level will see a fresh downside move towards 23650-23550 levels. Resistance around 23950, break and sustain above this level will see a sharp bounce till 24120-24200 level.

📌 Trading Strategy:

Buy Nifty future above 23950.

🎯 Target: 24080-24150

🚫 Stop Loss: 23800

Bank Nifty

In the previous session, Bank Nifty closed down -0.41%. Support around 57000, break below this level will test downside level till 56850-56700 mark. On the other side, major resistance around 57300, break and sustain above this level will see upside move till 57550-57700.

📌 Trading Strategy:

🔺Buy Bank Nifty Future above 57500

🎯 Target: 57800-59000

🚫 Stop Loss: 57200

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