Market Watch: US Trade Court blocks Trump`s sweeping tariffs by Geojit Financial Services Ltd

2025-05-29 09:06:01 am | Source: Geojit Financial Services Ltd

Market Watch: US Trade Court blocks Trump`s sweeping tariffs by Geojit Financial Services Ltd

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

Nifty Outlook

Nifty closed near the day low elevating the possibility of re test of 24500 vicinity as suggested yesterday as well. That said, while 70% of Nifty constituents closed near the day’s low, only 37% of mid cap 150 constituents showed such a behaviour suggesting that broader market is diverging from Nifty ahead of derivatives expiry. With such mixed signals in the back drop, we will go in expecting positivity aiming 25026-77. Alternatively, while inability to clear 24811 may be taken as a weakening signal, we would wait for an hour’s close below 24755 to play a 24500-24060 down move.

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Market Watch: US Trade Court blocks Trump`s sweeping tariffs by Geojit Financial Services Ltd

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