Weekly Start Will Expect on Bullish Note...

Daily Equity Bulletin

Last week Nifty fall more than 700 points. BEL was the top gainer and Eternal was the top loser

Nifty PSU was the top performing sector in last week.

Important News

GLOBAL, DOMESTIC FIRMS TO INVEST RS 1.02 LAKH CR IN INDIAN FOOD PROCESSING SECTOR

US TARIFFS: SUN PHARMA SEEN FACING SOME HEADLINE RISK, BUT EARNINGS IMPACT EXPECTED TO BE LIMITED.

MARUTI SUZUKI SEES CAR BOOKINGS DOUBLE DURING FESTIVE SEASON FOLLOWING TAX CUTS.

CANADA EYES US H-1B VISA HOLDERS HIT BY TRUMP’S FEE HIKE

Nifty

Nifty last session fall by almost 1% led by Nifty IT. Support around 24580, break below this level will see a downside move towards 24500-24450 levels. Resistance around 24760, break and sustain above this level will see upside move till 24840-24880 level.

📌 Trading Strategy:

🔻Buy Nifty future on dip above 24700.

🎯 Target: 24800-24860

🚫 Stop Loss: 24580

Bank Nifty

In the previous session, Bank Nifty closed around 54389 at down at 1.07%. Support around 54100, break below this level will test downside level till 53900-53800 mark. On the other side resistance around 54650, break and sustain above this level will see sharp upside move till 54850-55000.

📌 Trading Strategy:

🔻 Buy Bank Nifty future above 54500

🎯 Target: 54850-55000

🚫 Stop Loss: 54200

Top Pick

Manappuram Futures

Buy Manappuram above 278. Stop loss below 274. Target-283-285.