Positive Move Will Expect for the Day...

Daily Equity Bulletin

In the Last trading session, the market witnessed a weak move and stuck in a tight range. Today we will expect both side volatility due to Monthly Expiry, so stay cautious and trade with strict stop loss. Geopolitical factors are stable and focus on today meeting between US and Iran. Crude Oil still trades below $74.

Asia equity traded on a positive note after strong wall street performance.

Gift Nifty indicates a positive opening for the day.

Nifty

In the Last session, Nifty closed down -0.46% at 23946. Strong Support around 23900, break below this level will see a downside move towards 23820-23760 levels. Resistance around 24050, break and sustain above this level will see upside move till 24150-24200 level.

📌 Trading Strategy:

Buy Nifty future around 24000

🎯 Target: 24120-24200

🚫 Stop Loss: 23900

Bank Nifty

In the previous trading session, Bank Nifty ended with a loss of -0.77%. Support around 57700, break below this level will test downside level till 57500-57400 mark. On the other side, major resistance around 58000, break and sustain above this level will see sharp upside move till 58200-58350.

📌 Trading Strategy:

🔻 Buy Bank Nifty future above 58000

🎯 Target: 58300-58600

🚫 Stop Loss: 57700

Top Pick- Canara Bank

Buy Canbk July above 128. Stop loss below 126. Target-130-132