Global markets are showing mixed signals today, setting the tone for a cautious yet potentially optimistic session in Indian equities.
🌐 Global Market Overview
US Markets: Closed yesterday for Memorial Day, but Dow Futures surged 450 points after former President Donald Trump postponed the proposed 50% tariff on the European Union.
Dollar Index is trading below 99, reflecting easing pressure. Short positions on the dollar have reduced significantly from $16.5B to $12.4B.
Commodities: Brent Crude is stable near $65/barrel, while gold prices are slightly down.
📈 Indian Market Recap
On Monday, the markets opened the week on a high note, with Nifty closing above 25,000 for the first time since May 16.
The rally was broad-based, with Auto, IT, FMCG, and Metal sectors leading the gains.
Optimism was fueled by reports from NITI Aayog, stating that India has overtaken Japan to become the 4th largest economy in the world.
📊 Key Earnings Today
F&O Segment:
BOSCH
Hindustan Copper
Info Edge
LIC
NMDC
Cash Segment:
EID Parry
Epack Durables
JK Lakshmi Cement
Medplus Health
Minda Corp
P&G Health
RCF
Supriya Lifesciences
TTK Prestige
📉 Asian Market Check
Japan’s Nikkei: Down 0.15%
South Korea’s Kospi: Similar mild pressure
China & Hong Kong: Expected to open flat
📈 FIIs & DIIs
Domestic Institutional Investors (DIIs) were net buyers yesterday, providing support to the rally.
🔍 Nifty Technical Outlook
Resistance: At psychological level of 25,000. Sustaining above it could push the index to 25,200–25,250 in the short term.
Support Levels:
Immediate: 24,800
Major: 24,530 (21-DEMA)
Analyst View:
Rishikesh Yedve (Asit C Mehta) – Buy on dips till 24,530 holds.
Rupak De (LKP Securities) – Short-term trend remains bullish, potential upside towards 25,300–25,350.
💼 Strategy for Traders:
Watch for sustained movement above 25,000 for bullish confirmation. Use dips towards 24,800–24,530 as buying opportunities. Keep an eye on earnings from key large caps and global cues, especially from the US and China.
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