Weekly Start Will Expect on a Bullish Note...

Daily Equity Bulletin

Last week Nifty surged 1.26% and closed at 24740. M&M delivered the strongest performance over the past week, gaining approximately 11.3% and HCL Technologies fell approximately 2.5% over the past week.

Asian market closed mixed note in last week. Nikkei in focus as Japan's Prime Minister Ishiba set to resign.

Auto sector in focus as Auto companies cuts vehicles price to pass on full GST benefits.

Nifty

Nifty closed on a positive note on weekly basis. Support around 24650, break below this level will see a more downside move towards 24550-24500 levels. Key resistance around 24800, break and sustain above this level will expect upside move till 24920-25000 level.

📌 Trading Strategy:

🔻 Buy Nifty future above 24800.

🎯 Target: 24920-24980.

🚫 Stop Loss: Below 24680.

Bank Nifty

Bank Nifty maintained its key support last week. Now support around 53900, break below this level will see sharp downside move till 53600-53400 mark. On the other side, resistance around 54300, break and sustain above this level will see upside move till 54600-54800 levels.

📌 Trading Strategy:

🔻 Buy Bank Nifty future around 54000.

🎯 Target: 54300

🚫 Stop Loss: Below 53700.

Top Pick

Buy Eternal futures above 332. Stop loss below 326. Target-338-344.