Nifty Eyes on Fresh All Time High...

Daily Equity Bulletin

Nifty and Sensex are poised to hit new all-time highs. Global cues remained extremely positive, and Diis buying, which has been ongoing for the past 40 days also lifted the market.

Nifty Media was the top performing sector in last session and Nifty Mid Select was the top loser sector.

Important Trigger :

The US is likely to announce a trade deal with India "soon" which will include tariff cuts, per Mint.

The cuts would lower tariff rates from 50% to ~15% and India is expected to agree to cut imports of Russian oil in return.

Nifty

Nifty on the verge to hit new all time high. Support around 25780, break below this level will see a profit booking till 25700-25650 levels. Key resistance around 26000, break and sustain above this level will reach all time high.

📌 Trading Strategy:

🔻Buy Nifty future around 26000

🎯 Target: 26170-26260

🚫 Stop Loss: 25860

Bank Nifty

In the previous session, Bank Nifty hit new all time high. Support around 57800, break below this level will test downside level till 57650-57580 mark. On the other side, resistance around 58200, break and sustain above this level will see sharp upside move till 58360-58420.

📌 Trading Strategy:

🔻 Buy Bank Nifty future above 58200

🎯 Target: 58500-58800

🚫 Stop Loss: 57900

Top Pick

Buy BHEL above 235. Stoploss below 231.

Target-240-244