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Nifty went down by 1.49% and Nifty Bank went down by 0.18% on Friday

Good morning, all

Viral news Trump tariff effect: Sensex down over 300 points, Nifty near 23,200 after US President announces reciprocal tariffs Trump Reciprocal Tariffs: Gland Pharma shares jump 15% after sector gets exemption for now - The US has imposed a 26% reciprocal tariff on India, though certain sectors, including pharmaceuticals, are currently exempt. Nifty IT tumbles 3% as Trump's reciprocal tariffs spark growth concerns; Mphasis, Coforge crash up to 8% Indian Economic Activity Update - Factory activity recovers to eight-month high of 58.1 in March, GST collections end the year at an 11-month high of Rs 1.96 lakh crore, while UPI transactions come close to Rs 25 lakh crore Government loses ₹1,757 crore as BSNL fails to bill Reliance Jio for sharing infra: CAG Vi not out of the woods, bankers say govt's increased stake not enough to lend to telco Mutual funds sold equities worth over Rs 16,000 crore in last six sessions 26% tariff blow 'worse than expected', India's GDP may take 50 bps hit, say experts Tata Motors, ancillary shares fall up to 2% as Trump's tariff on car imports kick in Dabur India shares crash 8% as Q4 net profit margins to fall 175 bps, revenue to remain flat

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Trump Indicator active. Market can again turn Bearish. And volatile
Trump Indicator active. Market can again turn Bearish. And volatile

Let’s see what happens in the market today

View is still neutral to bearish

OI of Nifty Bank Futures is down by -0.46% and there is Short Covering

BNf retraces back but with the negative news it can also fall

BANK NIFTY ANALYSIS

View is neutral to bearish as market not holded its support at 23500, also US president hits 26% reciprocal tariff on India this will surely impact negatively and there might be a gapdown also indicating by GIFT Nifty

OI of Nifty 50 Futures is down by -6.26% and there is Short Covering

Support at 23000 and resistance at 23500

PCR is 0.79 around ATM and 0.9 overall – neutral to slighty positive

photo content

Open interest data

Nifty bounces and closes in 23300 – 23350 range

NIFTY ANALYSIS

Nifty went up 0.72% and Bank Nifty went up 1.02% yesterday, recovered around 50% of fall of day before yesterday

Good morning, all