Market Indicates Weak Opening Amid Fresh Strikes on Iran...

Daily Equity Bulletin

In the last week, the market sharply bounce back from 23800 level and closed around 24200. Geopolitical factors remain cautious as Iran partially closed hormuz and both US and Iran exchange strike against each other. So stay cautious and do trade carefully.

Asian Markets traded on a negative note as geopolitical tensions rises.

Gift Nifty indicates gap down opening for the day.

Nifty

In the Last session, Nifty closed up 1.02% at 24206. Strong Support around 24000, break below this level will see a downside move towards 23880-23800 levels. Resistance around 24200, break and sustain above this level will see upside move till 24280-24360 level.

📌 Trading Strategy:

Buy Nifty future around 24000.

🎯 Target: 24120-24200

🚫 Stop Loss: 23900

Bank Nifty

In the previous trading session, Bank Nifty ended with gain of 1.39%. Support around 57800, break below this level will test downside level till 57600-57489 mark. On the other side, major resistance around 58200, break and sustain above this level will see sharp upside move till 58400-58550.

📌 Trading Strategy:

🔻 Buy Bank Nifty future around 57700.

🎯 Target: 58100-58300

🚫 Stop Loss: 57400

Top Pick- Sunpharma

Buy Sunpharma Future around 1910. Stop loss below 1870. Target-1955-1980.