Market Outlook: Trump Tariff Twist, US-Iran Tensions to Shape D-Street This Week
AI Summary1 min read
TL;DR
Nifty gained 0.4% last week, driven by financials and metals. This week's market will be shaped by Trump tariffs, US-Iran tensions, and US performance, with volatility expected to stay high.
The Nifty ended the week with a 0.4% gain, supported by buying in financials and metals. The market is expected to be influenced by several factors, including Trump tariffs, US-Iran tensions, and US market performance. The 50-stock index rose 117 points to close at 25,571. The RSI remains in a bearish crossover, indicating weak underlying momentum. The index is expected to oscillate in the 25,300-25,800 range, with immediate support at 25,500 and resistance at 25,650. Volatility is likely to remain elevated.
