Market Indicates Positive Opening in Hopes of US-IRAN Diplomacy...

Daily Equity Bulletin

From the Last 6 weeks, Indian Indices ended in red, however in last friday Both Indices and broader market witness some short covering. Brent Crude Oil down more than 2% as hope for US-Iran diplomacy hope.

Asia-Pac equities open at a mixed note, as ahead of US key meetings this week, including Trump-Xi meeting.

Gift Nifty indicates a flat to positive opening for the day.

Nifty

In the Last session, Nifty closed up with 0.33% at 23346. Strong Support around 23250, break below this level will see a fresh downside move towards 23160-23100 levels. Resistance around 23450, break and sustain above this level will see an upside move till 23550 level. Fresh bull run will expect above 23555 mark.

📌 Trading Strategy:

Buy Nifty future around 23300

🎯 Target: 23420-23500

🚫 Stop Loss: 23200

Bank Nifty

In the previous week, Bank Nifty ended on a negative note. Support around 56000, break below this level will test downside level till 55800-55650 mark. On the other side, major resistance around 56550, break and sustain above this level will see upside move till 56800-57000.

📌 Trading Strategy:

🔺 Buy Bank Nifty future around 56500

🎯 Target: 57000

🚫 Stop Loss: 56200

Top Pick- HDFC BANK

Buy HDFC Bank 730 CE above 13. Stop loss below 7. Target-20-25.