Nifty have given breakout in the last trade and is now hovering around the major weekly support zones of 25500-24540 which also coincides with the 50-DMA on the charts. The sentiment has turned good after the US-INDIA trade deal in the last trade a buy on dips strategy will be applicable in the today’s trade. The resistance for the index is around 26000 on the higher side. Bank Nifty also have given good move in the last trade and is now trading around 59900 on the daily charts. The immediate support for the index is around 59500 while 60200 is the strong hurdle for the day. The overall trend of the index is neutral to bullish till it is not crossing 60200 on the upper side. Among the sectors – IT stocks may remain under pressure tracking negative cues from the US markets while Banking and Auto stocks will be good buy in dips candidates. Results for the day:

APOLLOTYRE

BAJAJFINSV

FORCEMOT

TATAPOWER

TRENT

#Today’sTradingSetup#Pre-OpeningCommentary#TrendingSectors#TechnicalViews#IndexStrategies

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