Market is ready to give the pain to the bearer as the market again has made a kind of against movement of those.
As the day of the U.S. Liberation Day has come out today, the reciprocal tariff will take the impact, and all the eyes is going to be on the upcoming event near Rose Garden event ahead of the tariff plans.
Global market analysis
Now, the real thing would come up, because one of the crucial things in this tariff war is how the escalation is going up, because the market is mostly discounted on this day, if we took the analysis deeply all the thing is going to be there, how the escalation will emerge.
if the tariff will apply, then the two major economies, for example, China and European Union, how they will react against of it, if they are going to do as the USA wants, or try to do and make the fulfil of the concern, and or they made the same thing against of those amid they raise the tariff on their products who are being exported by the USA, and that would make a kind of a negative scenario for the market, because that would emerge as a higher escalation, and that will impact the global economy and would create a kind of concern for all over the world and companies.
Domestic market analysis
Market tried the whole day to cover the yesterday’s loss, however, today’s gain of nearly 160 points in a positive. But even after having a selling by the FIIs, market made a positive closing, and which is not a couple of points, it is more than 150 points.
That’s make a remarkable thing, and made boosted by the retail traders, and also, we had FII selling nearly 1538 crore rupees today. So, it’s going to be a thing that the how FIIs react in the upcoming trade setup
And the couple of the sector which is going to be impacted, because if we look at the pharma sector, nearly 40% revenue is come from the USA. And IT sector, nearly 60% of the revenue come from those. And if we look at the chemical sector, and textile sector, that is also dependent on the US market and all these commonly have a significant effect.
they have enjoy a lot of margin due to this. So, that’s going to be a concerning part that the how upcoming time will take the impact on the management analysis, and how the company is going to overview all these situations. So, that’s going to be a relevant for the upcoming trade setup.
Also read; Monetary policy; How it works, Impact of monetary policy on stock market, Types of policy
FII&DII activity and Option chain analysis
FII&DII activity
As far as tariffs is taking a deeper part as the FII has sold nearly 1538.88 crore rupees today in the market, and also DII buy nearly 2808.8 crore rupees. But it is a consecutive second day the FII has sold. So, upcoming trading session is taking the part into it. So, the data is clear that it is not a high selling, but it a kind of the continuation pattern which is takes earlier by FII.
Option chain analysis
If we take a look on the option chain, then we might see a good resistance nearly 23,400 levels, where we have a good call writing nearly 1,02,375 contacts, and it is a really good resistance for the near term.
At the same time, if we take a look at 23,500, where we have 1,97,510 contacts, it is a kind of a really good call writer’s volume, and it says the resistance is going to be there, and it might hurt those who are willing to make Nifty even higher. if we take a look at 23,300, it is going to be a good support, where we have 1,20,265 contacts, and also, we have a level of 23,200, where we have 1,50,079 contacts there. So, it makes a kind of a ZONE of a strong basis 23,500 to 23,200 levels.
Nifty 50 predication for tomorrow trade setup
Market is looking at a clear moment that they are going to do a kind of choppy moment until the global queue doesn’t seem a proper way. So, if we look at then 23,800 where we have a really good resistance and also nearby 23,000 a round number and moving average support. market is spending the times So if we go deeply and analyse the global queue then today is the day where we the reciprocal tariff will take the impact.
So if we look deeply market is discounted and if the future uncertainty come due to this one then the market probably reacts. Now even if the things come as market expected then probably, we might see market gradually going more and more higher in upcoming trade setup. So it is a kind of things but 23,800 is a kind of support where we say that the market might make a continuation pattern in the upside way.
Conclusion
Now, the conclusion is that all the things has happened, market is discounted, levels are there, stop-loss are there, and targets also are there. All the things is going to be an outcome and the statement of the global countries on the Trump tariff war. So that is going to be a suggesting part to analyse the upcoming trading setup of the next week.
1 thought on “Trade setup for 03 April; china restrict investment, 23000 level, option chain analysis”