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Morning Market Outlook

* The market is expected to open on a positive note due to a global rally sparked by the news that the Trump administration will delay implementing reciprocal tariffs.

* Additionally, the U.S. has opened the door to potential negotiations with European and Asian countries on tariff issues. Positive sentiment is also supported by the successful meeting between the U.S. President and Indian Prime Minister regarding trade tariffs, as well as a drop in the U.S. Dollar Index to a two-month low below 107.

* Globally, U.S. markets rose by up to 1.5%, and European markets reached record highs, boosted by better-than-expected U.S. industrial production data and optimism that the U.S. may delay imposing reciprocal tariffs In Asia, markets are showing mixed performance, though the Gift Nifty is up by 100 points

NIFTY (CMP : 23031)

Nifty immediate support is at 22950 then 22800 zones while resistance at 23150 then 23333 zones. Now till it holds below 23150 zones, weakness could be seen towards 22950 then 22800 zones whereas hurdles are placed at 23150 then 23333 zones.

BANK NIFTY (CMP : 49359)

Bank Nifty support is at 49000 then 48750 zones while resistance at 49750 then 50000 zones. Now till it holds below 49750 zones weakness could be seen towards 49000 then 48750 levels while on the upside hurdle is seen at 49750 then 50000 zones

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