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Morning Market Outlook

* The market is expected to open slightly lower due to a weak performance in Asian markets and a decline in US Index futures, following concerns raised in the US FOMC meeting minutes.

* The minutes highlighted Fed officials' worries that potential policy changes could keep inflation above the Fed's target.

* Additionally, President Donald Trump's call for increased tariffs may contribute to higher US inflation. Despite this, the US market closed marginally higher yesterday, reaching a record high.

* The Gift Nifty is down by 0.2%.

* The momentum is likely to continue, with sectors such as defence, rail, metal, auto, oil & gas, and auto ancillary stocks to be in focus.

NIFTY (CMP : 22933) :

Nifty immediate support is at 22800 then 22725 zones while resistance at 23150 then 23250 zones. Now if it manages to cross and hold above 23000 zones then bounce could be seen towards 23150 then 23250 zones while supports are intact at 22800 then 22725 zones

BANK NIFTY (CMP : 49570) :

Bank Nifty support is at 49250 then 49000 zones while resistance at 49750 then 50000 zones. Now it has to hold above 49250 for a bounce towards 49750 then 50000 zones while on the downside support is seen at 49250 then 49000 levels

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