STOCK MARKET : Gap down expected with 25500 will be crucial

– Trump’s Tariff Mania still on cards

– US Mkt with GIFT Nifty huge down

Vyapar Hindustan Correspondent

Mumbai

US President Donald Trump’s tariff mania still on cards. Impacted US Mkt, both Nasdaq and Dow closes red with GIFT Nifty also in huge down. Although market closes green after huge Gap Up on Tuesday, but due today may again face gap down and red. In the scenario 25500 will be crucial to break for Nifty.

Dow and Nasdaq are down by more than 300 points as US has imposed 104% tax on China. The Gift nifty is down with 270 points. We have our quarterly policy by RBI. The markets will be down today the levels will play important role today. We will again have a gap down and probably sideways after that. As tomorrow is holiday and hence expiry is today . It’s going to long weekend except Friday as Monday is also holiday. This will all may impacted today as sideways market, as experts feel.

There is heavy CALL WRITING on 25500, 25550 almost a 1 cr shares. They will act as a big resistance. A good news is, there is heavy PUT WRITING on 22100 and 22200 also act as an support. This may resulted into sideways market between 22200 and 22500.

Keep away from Trade

It’s doji last week and today it’s again . As per OI chart upside only if 22650 is broken and downside only if 22300 is broken decisively. Till then say no to trade. It’s basically a नरोवा कुंजरोवा situation for intraday. If like to do a trade buy a 22500 PUT and buy a 22550 CALL of for Apr expiry, it’s a suggestion.

Shreesh Shingare, Stock Market Analyst