Market Indicates a Weak Opening for the Week.

Daily Equity Bulletin

The market stucked in a tight range, Nifty is moving between 500 points. Market still shows extreme volatility but now there is no geopolitical concern and focus on stock performance to drive the market.

Today’s focus on two heavyweight stocks Reliance and HDFC Bank.

Reliance - SEBI approval for the proposed Jio Platforms IPO.

Hdfc Bank - MD & CEO Sashidhar Jagdishan will step down on 26 October 2026 and will not seek a third term.

Asia equity begin month end pressure after hawkish fed signal from Warsh and and resumption of US Iran strikes.

Gift Nifty indicates a Weak opening for the day.

Nifty

In Last session, Nifty closed with 0.35% gain at 24175. Strong Support around 24050, break below this level will see a downside move towards 23980-24900 levels. Resistance around 24200, break and sustain above this level will see upside move till 24280-24320 level.

📌 Trading Strategy:

Buy Nifty future on around 24100.

🎯 Target: 24220-24300

🚫 Stop Loss: 24000

Bank Nifty

In the previous session, Bank Nifty closed flat. Support around 57200, break below this level will test downside level till 57000-56800 mark. On the other side, major resistance around 57600, break and sustain above this level will see upside move till 57900-58000.

📌 Trading Strategy:

🔻 Buy Bank Nifty future around 57300

🎯 Target: 57600-58000

🚫 Stop Loss: 57000

Top Pick- BSE

Buy BSE Futures around 3400. Stop loss below 3350. Target-3470-3500.