Nifty may open on gap up note as per sgx nifty around at 24670 levels due to cooled of western asia tension by Trump decision. Major event held in today that is Rbi policy outcome will deliver by Rbi governor at 10 a.m in this morning majority analysts expected hawkish tone from RBI in today policy meet so I am not expecting any surprised announcement from RBI due to weak monsoon season so they are planning to support growth. I am confusion about new mechanism how does it work in the nifty. I can't predict the nifty opening levels due to new mechanism.
Nifty trading levels :
Buy price :24580
stop loss : 24496
1st target :24673
2nd target :24750

stock of the day :NIACL this company is iprovided vehicle insurance for the two wheeler and four wheeler segment I am expecting short term rally in this stock based on positive news which are announced by supreme court the vehicle owner must have pay vehicle insurance by purchasing new vehicle so vehicle insurance companies margins should be increased from now onwards.
Buy price :(opening price risky traders)
:(169 for safe traders)
stop loss : 164
1st target :177
2nd target :183

Disclaimer : I am not a SEBI Research Analyst please take advise from your financial advisor before take position based on my recommendation.
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