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Below the Quote on Markets 07th October 2025 by Mr. Vikram Kasat, Head Advisory ,PL Capital

“Trump announces 25% tariffs on medium- and heavy-duty truck imports starting Nov. 1, citing national security and protection of US manufacturers.

The levies target an industry already affected by previous steel, aluminum, and auto tariffs, aiming to strengthen domestic production and shield US truck makers from foreign competition.

Nifty 25077.65

Nifty continued its bullish momentum in yesterday trading session and closed above the 50% retracement level of its previous fall.  Now the next major resistance level for the Nifty will be 61.8% retracement levels of the previous fall i.e. 25120 The reversal level can be trailed to the 40HEMA i.e. 24884 This will serve as both a crucial support level and a potential trend reversal point.”

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