Positive Move Will Expect For the Day...

Daily Equity Bulletin

Yesterday market bounce back from lower levels, Bank Nifty performed stronger than Nifty in the previous session. Market still shows extreme volatility due to global market and geopolitical concern, too much volatility in the US market as Ai chips sudden fall and panic over there. Geopolitics tension continue as US carried some action against Iran at strait of hormuz. Crude Oil looks stable and trading around 92 level, so stay cautious, watch the global activity and do trade carefully.

Asian markets are broadly lower as tech weakness on Wall Street.

Nifty

In Last session, Nifty closed up 0.52% at 23242. Strong Support around 23123, break below this level will see a downside move towards 23050-23000 levels. Resistance around 23300, break and sustain above this level will see upside move till 23380-23440 level.

📌 Trading Strategy:

Buy Nifty future on around 23300.

🎯 Target: 23500

🚫 Stop Loss: 23150

Bank Nifty

In the previous session, Bank Nifty take the leadership and closed with 2.09% gain. Support around 55000, break below this level will test downside level till 54800-54650 mark. On the other side, resistance around 55400, break and sustain above this level will see upside move till 55650-55800.

📌 Trading Strategy:

🔻 Buy Bank Nifty future around 54100.

🎯 Target: 54600

🚫 Stop Loss: 53700

Top Pick

Buy Sammancap 180 CE above 8.50. Stop loss below 6.50. Target-11-14.