Market Opens on Slightly Positive Note Amid Global Sell-Off

Daily Equity Bulletin

Indian equities are under pressure from renewed U.S. tariffs that impact global trade dynamics, while weak U.S. employment data has raised expectations of a Federal Reserve rate cut, further weighing on sentiment, and high net short positioning in derivatives suggest elevated risk aversion among global investors. Market sentiment today is cautious and risk-averse heavily influenced by global tensions.

Nifty Overview

Nifty 24550 support and resistance 24720. Break above 24720 will test 24800-24860 level. Fresh dowside will expect below 24550 level.

Trading strategy:

Traders buy Nifty Future on dip around 24620 till upside around 24750-24800. Stop loss below 24550

Bank Nifty Overview:

Bank Nifty support around 55500 and resistance around 55800. Reversal will expect on hourly close above 55800 levels.

Trading strategy:

Traders Buy Bank Nifty Futures on dip around 55500 wit till

Upside of 55800. Stop loss below 55300.

Top Pick

Buy Godrejprop on dip around 2090. Stop loss below 2040. Target-2150-2180.