Market Looks Good Amid Global Bullish Sentiments...

Daily Equity Bulletin

Yesterday market open a huge gap up and trading in a range of 100 points. Geopolitical issues of US-Iran deal is completed and volatility may decrease and most important Crude Oil prices eases and trading around $83. Stay cautious, keep an eye on the global activity and trade carefully.

Asia traded mix pausing after monday gain as trader awaits key control banking meeting

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

Nifty

In Last session, Nifty closed up 0.98% at 23853. Strong Support around 23750, break below this level will see a downside move towards 23680-23600 levels. Resistance around 24020, break and sustain above this level will see upside move till 24120-24180 level.

📌 Trading Strategy:

Buy Nifty future around 23850

🎯 Target: 23980-24050

🚫 Stop Loss: 23740

Bank Nifty

In the previous session, Bank Nifty witnessed a profit booking after one side sided rally from 52800 and closed with a gain of 0.68%. Support around 56800, break below this level will test downside level till 56500-56350 mark. On the other side, major resistance around 57350, break and sustain above this level will see upside move till 57600-57800.

📌 Trading Strategy:

🔻 Buy Bank Nifty future around 56900.

🎯 Target: 57300-57500

🚫 Stop Loss: 56500.

Top Pick- Bank Baroda

Buy Bank Baroda Future around 275.50. Stop loss below 272. Target-279-282.