Market Watch : Mini deal with US in July may bypass reciprocal tariffs

2025-05-22 09:05:19 am | Source: Geojit Financial Services Ltd

Market Watch : Mini deal with US in July may bypass reciprocal tariffs - Geojit Financial Services Ltd

News By Tags | #Sensex #MarketOutlook #Nifty #BankNifty #GeojitFinancialServicesLtd

Nifty Outlook

The bounce back evolved on anticipated lines yesterday, but with no follow through momentum. The rejection trades that restrained Nifty from clearing previous day’s peak, ended up forming a green hammer, suggesting that the trend is still evenly poised. Only about 14% stocks from the Nifty 500 universe closed below previous day’s low, while 80% of the constituents closed above their respective 10day SMA, retaining upside hopes. With this in backdrop, Nifty is expected to consolidate within 24677-950 initially with 24060-25235 as the larger band. Break out momentum appears low though.

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Market Watch : Mini deal with US in July may bypass reciprocal tariffs - Geojit Financial Services Ltd

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