Nifty Trades Higher as Pharma Leads the Rally...

Mid Market Equity Bulletin

Nifty

Nifty trades higher with positive bias and still looks good for further upside for the day. Now Nifty has near resistance around 24620 and support around 24500. Break above 24620 will test 24680 and then to 24750 levels for the day.

Fresh downside move will expect on an hourly close below 24500 levels.

Bank Nifty

Bank Nifty erased all previous day's gains and trading on a bearish note. Now Bank Nifty holds crucial support levels on the downside, we will expect a sharp bounce in upcoming sessions. Now Bank Nifty has crucial support around 54800 and upside resistance around 55180, break above 55180 will see sharp upside move till 55300 and then to 55450+ levels for the day.

Top Pick

Buy PPLPHARMA Futures around 193. Stop loss below 190. Target-197-200.