Weekly Opening Will Expect on a Bullish Note...

Daily Equity Bulletin

Last week market gave 2.30% up move and then stuck in a tight range. Geopolitical factors still little bit uncertain as Israel and Lebanon fight each other, the deal between Iran and US temporary signed but both side shot fired via comments, so volatility will be cool off soon and importantly Crude Oil eases and trade around $78.

Asia traded on a positive note as Iran says its main delegation finished its work.

Gift Nifty indicates a positive opening for the day.

Nifty

In Last session, Nifty closed down -0.64% at 24013. Strong Support around 23900, break below this level will see a downside move towards 22800-23740 levels. Resistance around 24100, break and sustain above this level will see upside move till 24220-24280 level.

📌 Trading Strategy:

Buy Nifty future above 24100

🎯 Target: 24220-24300

🚫 Stop Loss: 23980

Bank Nifty

In the previous trading session, Bank Nifty performed stronger than Nifty but closed down -0.48%. Support around 57500, break below this level will test downside level till 57300-57150 mark. On the other side, major resistance around 57800, break and sustain above this level will see sharp upside move till 58000-58150.

📌 Trading Strategy:

🔻 Buy Bank Nifty future around 57700.

🎯 Target: 58100-58300

🚫 Stop Loss: 57400

Top Pick- RVNL

Buy RVNL 245 CE above 7. Stop loss below 4. Target-11-14.