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Morning Market Outlook

* The market is expected to open on a weak note due to sharp declines in the US and Asian markets, driven by concerns over a rising trade war.

* This comes after US President Donald Trump confirmed the imposition of a 25% tariff on trading partners Canada and Mexico and stated he could not negotiate an exemption from the tariffs set to take effect on Tuesday.

* Geopolitical issues also made headlines, with a senior US defence official announcing a pause in all military aid to Ukraine.

* The Dow Jones and Nasdaq Composite dropped by 1.5% and 2.6%, respectively, while the Japanese index fell 1.5%. The CBOE Volatility Index (VIX), often referred to as Wall Street's "fear gauge," surged to its highest level since December. The SGX Nifty is down by 150 points. Sectors in focus i.e Oil marketing, Power, Rail, and Defense stocks

NIFTY (CMP : 22119) :

Nifty immediate support is at 22000 then 21800 zones while resistance at 22250 then 22400 zones. Now till it holds below 22250 zones, weakness could be seen towards 22000 then 21800 zones whereas hurdles are placed at 22250 then 22400 zones.

BANK NIFTY (CMP : 48114) :

Bank Nifty support is at 47750 then 47500 zones while resistance at 48400 then 48650 zones. Now till it holds below 48400 zones some weakness could be seen towards 47750 then 47500 zones while on the upside hurdle is seen at 48400 then 48650 levels

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