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Morning Market Outlook

* The market is expected to open flat due to mixed signals from Asian markets and the US market, which is closed today for the Presidential holiday. Concerns over US President Donald Trump's reciprocal tariff policy and Foreign Institutional Investors (FII) selling may weigh on market sentiment. However, there is hope that the recent visit of the Indian Prime Minister to the US could ease tariff tensions.

* Market participants will closely watch developments such as the US President's tariff policy, FII inflows, the trend in USDINR, and global market movements.

* Additionally, the US Fed's meeting minutes and global PMI data will be significant factors influencing market direction

* There is optimism that the market may recover following the government's announcement of a zero-tax threshold up to Rs 12 lakh under the new tax regime, along with inflation falling to a five-month low, which could provide support for the domestic market.

NIFTY (CMP : 22929) :

Nifty immediate support is at 22777 then 22600 zones while resistance at 23000 then 23200 zones. Now till it holds below 23000 zones, weakness could be seen towards 22777 then 22600 zones whereas hurdles are placed at 23000 then 23200 zones.

BANK NIFTY (CMP : 49099) :

Bank Nifty support is at 48750 then 48500 zones while resistance at 49250 then 49500 zones. Now till it holds below 49250 zones weakness could be seen towards 48750 then 48500 levels while on the upside hurdle is seen at 49250 then 49500 zones.

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