It has yet again been in the day of negativity for the Indian equities where selling was witnessed in the markets from the highs and ended near crucial support zones of 25450-25500 on the daily charts. The trend of the index is cautious to negative and any break below yesterday’s low will be very negative for the short-term trend and massive sell off may follow towards 25200 levels. The resistance for the index is around 25700-25750 for the day. Banking Index is now again hovering around the crucial 20-DMA on the charts and looking better than Nifty. The overall trend of the index is neutral till it is holding 59500 on the lower side while above 60000 we may again enter the bullish side. Short term traders should keep 59500 (spot) as stop loss for all the long contracts and avoid may major long positions till it is not crossing 60000 on the higher side. On the geopolitical front, the ongoing tariff issues between US-EU followed by Iran issues will continuously weigh on the Indian equities in the today’s trade while US Supreme court will also again expected to give its judgement on the Trump tariffs today post markets. Key Results for the day:

AUBANK

J&KBANK

PERSISTENT

SRF

VIKRAMSOLR

#TechnicalViews#Pre-OpeningCommentary#IndexStrategies#PersonalFinance#EquityResearch

490 likes·83 comments