Market Update: Nifty's Gap-Up May Be a Trap!📊

Nifty jumped 500+ pts on April 15 — but don’t get too excited. It’s likely short-covering, not strength. 🌍 Global cues are weak: US markets crashed (S&P ↓2.7%, Nasdaq ↓4%) VIX at 50 = Fear Trump’s tariffs + crude near $90 = Recession + inflation risk Geo tensions rising 📉 Key Levels: Resistance: 23,200–23,400 Support: 22,000–21,700 Below that? 21,500 likely ahead 📊 FIIs sold ₹1.5L Cr in 2025 so far | P/E at 23 (above avg) Verdict: Be cautious. Hedge with gold. Watch quality banks.