Negative Start will Expect Amid Tariff Concerns...

Daily Equity Bulletin

Last week Market move around 1.5% up. Maxhealth was the top gainer last week, and Tata Motors was the top loser.

Nifty IT was the top performing sector in last week, gaining 4.89% and Nifty Media Service was the top loser sector.

Important News

Trump slaps 100% TARIFF on China for ‘aggressive position on trade’.

INDIA’S GOVERNMENT DEBT TO FALL TO 71% OF GDP BY FY35: CAREEDGE RATINGS

Max Healthcare plans over Rs 5,000 cr expansion, eyes pan india presence.

Indian Tourism sector set to grow over 25% annually.

Nifty

Last session Nifty closed 0.4% up at 25285. Support around 25200, break below this level will see a downside move towards 25140-25100 levels. Key resistance around 25360, break and sustain above this level will see upside move till 25430-25470 level.

📌 Trading Strategy:

🔻Buy Nifty future around 25200.

🎯 Target: 25320-25380

🚫 Stop Loss: 25080.

Bank Nifty

In the previous session, Bank Nifty closed up at 0.74%. Support around 56400, break below this level will test downside level till 56200-56100 mark. On the other side, resistance around 56850, break and sustain above this level will see sharp upside move till 57200.

📌 Trading Strategy:

🔻 Buy Bank Nifty future around 56500.

🎯 Target: 56800-57000

🚫 Stop Loss: 56200

Top Pick

Buy Manappuram above 287. Stoploss below 283.

Target-292-295.