Volatility Expect on the Weekly Expiry, 23555 Make or Break Level...

Daily Equity Bulletin

From the Last 5 consecutive weeks, Market ended on a negative note. Both Nifty and Bank Nifty broke its important supports. Today focus on Hdfc Bank and IT stocks. Important triggers for the today is Crude Oil as Oil rises after Houthi forces attact Saudi arabia pipelines as result oil supply disruption. Brent Crude Oil jump above $107.

Asia-Pac equities open at a weak note, following Wall street decline and investor calls weigh call for a slower pace of AI development.

Gift Nifty indicates a flat to negative opening for the day.

Nifty

In the Last session, Nifty closed down with -0.34% at 2398. Strong Support around 23250, break below this level will see a fresh downside move towards 23150-23100 levels. Resistance around 23450, break and sustain above this level will see upside move till 23555 level. Fresh bull run will expect above 23555 mark.

📌 Trading Strategy:

Buy Nifty future above 23500

🎯 Target: 23620-23700

🚫 Stop Loss: 23380

Bank Nifty

In the previous session, Bank Nifty ended on a positive note. Support around 56300, break below this level will test downside level till 56000-55900 mark. On the other side, major resistance around 56700, break and sustain above this level will see upside move till 57000.

📌 Trading Strategy:

🔺 Buy Bank Nifty future around 56800.

🎯 Target: 57200-57500

🚫 Stop Loss: 56500

Top Pick- IDEA

Buy IDEA 15 CE above 0.65. Stop loss below 0.45. Target-0.90-1.10.