📌 Nifty 50 Outlook – Short-Term Impact of Trump’s Tariff

Nifty is currently trading around 24,844, showing signs of consolidation after a sharp rebound from the 24,600 support zone. However, the 25% tariff threat by Trump on Indian imports could dampen investor sentiment and lead to a volatile or negative bias tomorrow (July 31), especially during the opening hour 📊 What Investors Should Expect Tomorrow 🔻 Mild Gap-Down Opening Possible: Overnight global sentiment may drag Nifty below 24,800 on open. ⚠️ Export-oriented sectors (IT, pharma, auto parts, textiles) may see selling pressure. 🔄 FMCG, banks, and infra stocks (especially

, PSU banks) may outperform as investors rotate into domestic themes. 💸 INR could weaken, pressuring FII flows short term. 🕒 Expect choppy intraday movement with headline-driven volatility in first half 🧭 Key Technical Levels to Watch (Intraday) Zone Price Level Comment Resistance 1 ₹24,900–24,950 Minor resistance zone Resistance 2 ₹25,100–25,200 Stronger hurdle from last week Support 1 ₹24,800–24,750 First demand zone (short-term) Support 2 ₹24,600–24,550 Major demand zone, defended well 🔍 Chart Signals ✅ RSI (1H) at 50.55 suggests neutral but cautious strength. ❗ EMAs are flattening — breakout or breakdown likely post-news absorption. 📉 A break below 24,750 can accelerate selling, while a reclaim of 24,900+ could invite short covering. 🎯 Conclusion With Nifty at 24,844, markets are at a delicate juncture — cushioned by strong domestic earnings but shaken by U.S. policy uncertainty. If global cues remain calm, downside may stay limited to 24,600. However, any escalation in tariff-related news may increase volatility and sectoral rotation