Following the announcement of the US–Japan trade deal, Asian markets rallied—most notably with Japan’s Nikkei surging over 3% .
In India, this optimism translated into improved futures, with Gift Nifty signaling an uptick above 25,100, and Sensex expected to open higher by around 150–250 points.
Domestic Factors Temper Reaction
Despite the global tailwind, the lack of an India–US interim trade deal is keeping some traders cautious. Negotiations remain stalled over tariffs on agriculture and dairy, which may cap further market upside .
With the earnings season underway, markets are likely to stay stock-specific, driven by results from key firms such as Infosys, Dr Reddy’s, HDFC Bank, ICICI Bank, and Tata Consumer .
Also Read: Auto Stocks Rally on Global Trade Optimism
Technical Setup: Range-Bound or Breakout?
Markets are grappling with a range-bound pattern between 24,900–25,250 on the Nifty. A convincing break above 25,250 could signal a bullish phase, while dipping below 24,900 may drag the market towards lower levels .
Key current price indicators:
Nifty support zone: ~24,900
Resistance range: 25,200–25,250
Investor Takeaway
Short-term outlook: Cautiously positive, reacting to global trade dynamics.
Key risks: Stalled India–US trade deal and mixed earnings season.
Watch points: Trading range, FII flow data, and sector-specific movements—especially in auto and financials, which saw early gains
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