Short Covering May Expect in Market From Crucial Support Zone...

Daily Equity Bulletin

Indian Indices continues to trade downside and break every important support. US and Iran still stucked in a war like situation, and result is Brent Crude Oil climbs to $100.

Asia-Pac equities open mostly in higher despite wall street negative rally

Gift Nifty indicates another negative opening for the day.

Nifty

In the Last session, Nifty again closed down with -0.61% at 23635. Now next strong support around 23500-23550, break below this level will see a fresh downside move towards 23420-23380 levels. Resistance around 23700, break and sustain above this level will see upside move till 23850-23900 level.

📌 Trading Strategy:

Buy Nifty future on around 23650.

🎯 Target: 23780-23900

🚫 Stop Loss: 23500

Bank Nifty

In the previous session, Bank Nifty too ended on a weak note and break its important support of 57000. Now next Support around 56500, break below this level will test downside level till 56250-56000 mark. On the other side, major resistance around 57100, break and sustain above this level will see upside move till 57500-57600.

📌 Trading Strategy:

⬆️ Buy Bank Nifty future around. 56800

🎯 Target: 57300

🚫 Stop Loss: 56400

Top Pick- SUZLON

Buy Suzlon 45 CE around 1.50. Stop loss below 0.90. Target-2.40-3.