Nifty to gain 100 points at open, indicates Gift trade
Markets are expected to open on a positive note on Tuesday, as the volatility triggered by US President Donald Trump receded.
Gift Nifty at 23,530 signals a gap-up opening of about 100 points for Nifty. Cues form Asian markets are also positive after Trump delayed tariffs on Mexico and Canada for a month.
Arindam Mandal, Head of Global Equities at Marcellus Investment Managers, said: Trump’s latest tariff announcements on Canada, Mexico, and China is not too off from what was previously discussed. It is likely less of a shock than it was in 2018. While tariffs may boost short-term fiscal positions, they might risk higher inflation, contrasting with Trump’s desire for lower interest rates. Investors should recall that 2018’s volatility created buying opportunities. As history often rhymes, the rest of the year may present similar scenarios, warranting vigilance for potential investment openings amid economic and political developments.
The focus has now shifted to RBI monetary policy said analysts. They expect market to move in a narrow range in the short-term.
Rajesh Bhosale, Technical Analyst, Angel One Ltd, said, for the next few sessions, we expect the index to trade within range. While the indices may consolidate, individual stocks could remain active. “Traders are advised to focus on stock-specific action and avoid aggressive overnight positions, as morning gaps may continue to be influenced by volatile global cues,” he added.
Ajit Mishra – SVP, Research, Religare Broking Ltd, saidconsolidation phase may continue, with global cues, corporate earnings, and the upcoming MPC meeting playing a key role in market direction. “Investors are advised to remain cautious and manage positions on both sides,” he said.
