Monthly Start will Expect From Short Covering...

Daily Equity Bulletin

Indian equity market closed on the back foot amid ongoing tarrif and trade related uncertainty. However, we will expect a sharp short covering in upcoming sessions.

Nifty Overview

Nifty fell 0.3% on Thursday, maintaining a downward trend after Trump announce the additional tariff. Key support around 24380, break below this could trigger further downside toward 24300-24250 mark. Upside resistance is seen at 24520, break above and sustain above this will see upside move till 24600-24650 mark.

📌 Trading Strategy:

🔻 Buy around Nifty future above 24500

🎯 Target: 24600-24650

🚫 Stop Loss: Below 24400

Bank Nifty Overview

In the previous session, Bank Nifty closed at 53655 and indicating weakness in the private banks. Now the major support is at 53300, break below 5330 will see downside move till 53000 mark. On the other side, break and sustain above 53700 will see upside move till 54000-54200 levels.

📌 Trading Strategy:

🔻 Buy above 53700

🎯 Target: 54000-54200

🚫 Stop Loss: Below 53400

Top Pick

Buy Ambuja Cement Futures above 566. Stop loss below 558. Target-575-580.

Buy Triveni Engineering above 352. Stop loss below 340. Target-365-374.