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Morning Market Outlook

* The Finance Minister Nirmala Sitharaman is scheduled to present the Union Budget for the fiscal year 2025-26 today.

* Expectations are that the FM will unveil a growth-oriented budget with measures such as tax cuts, simplified tax regulations, policies to attract foreign investment, a target for a lower fiscal deficit, and a stimulus package aimed at boosting GDP projected by Economy Survey from 6.3% -6.8% in FY26 to above 7%.

* Union Budget today at 11am –Focus on major sectors and expectation focus on middle class budget.

* Sectors to be focus on - textiles, defense, rail, FMCG, tax rebate on housing sectors, rising limit on housing loan interest rate. may rise tax slabs for middle class.

* US market declined after US President Trump Confirms said 10% tariffs on China and 25% on Mexico and Canada.

Nifty Technical Outlook

NIFTY (CMP : 23508) Nifty immediate support is at 23350 then 23100 zones while resistance at 23700 then 23800 zones. Now it has to hold above 23350 zones for an up move towards 23700 then 23800 zones whereas supports are placed at 23350 then 23100 zones

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 49587) Bank Nifty support is at 49250 then 49000 zones while resistance at 50000 then 50250 zones. Now it has to hold above 49250 zones for an up move towards 50000 then 50250 levels while on the downside support is seen at 49250 then 49000 zones.

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