US President Donald Trump signed an order to increase the tariffs imposed on Chinese imports to 20% from the earlier 10%, the White House announced on Monday. The order will come into effect immediately, according to the announcement.
US President Trump hikes China tariff to 20%- Daily Market Update 4th March 2025
Overview and Outlook
Global Stock Market Today
- US equity markets settled lower in range 1.48% to 2.66%.
- European equity markets ended higher in range 0.5% to 2.57%.
- Asian equity markets are trading in red.
- GIFT Nifty is down by 160 points, Nifty futures likely to open around 22100 levels.
Nifty Overview & Outlook
Benchmark Nifty index ended on a flat note at 22119 levels after a cut of just 5 points from its previous closing values.
Performance on the broader front was mix. Mid cap index outperformed the markets, gained 0.46%, on the other hand, Small cap index settled on a slightly negative note.
Performance on the sectoral front was no different. Nifty Realty and Metal index was at the top of the tally, gained over 1% each. On the flip side side, Media and Oil & Gas index dragged the markets lower, down 1.10% and 0.80% respectively.
Technically, Nifty index is trading below its long term as well as short term moving averages in lower lows and lower highs formation. Going ahead, 21800-21680 zone will act as supports on the down side. We suggest traders to maintain sell on rise trading strategy till it is trading below 22550 levels on closing basis.
Derivatives Overview & Outlook
Yesterday, Nifty and Banknifty future added 1.7% and 7.4% of open interest respectively as short buildup. Whereas, Finnifty futures were down on long unwinding as its open interest shed by 4.5%, Midcapnifty futures added around 1% of open interest as long buildup.
Majority of F&O sectors settled on a positive note. Amongst them, Power, Realty and Technology stocks witnessed addition of long positions whereas some short buildup was seen in Banking and Finance stocks with increase in open interest by 1.1% and 2.8%.
On option front, call writing was seen at multiple strikes. Maximum positions are at 23000 CE followed by 22500 CE and 20800 PE followed by 21900 PE. Quantum of call positions are significantly higher than that of put positions indicating selling pressure on rise.
Institutional Trading Activity
Yesterday, FIIs sold stocks worth Rs 4788. Cr in the cash segment, bought index futures worth Rs 146 Cr and bought stocks futures worth1k Rs 2493 Cr. DIIs were net buyers in the cash segment to the tune of Rs 8791 Cr
Nifty Futures, Banknifty Futures and Finnifty Key Levels
Nifty – Resistances 22380-22450; Supports 22220-22100
Banknifty – Resistances 48800-49200; Supports 48200-48000
Finnifty – Resistances 23220- 23300; Supports 22980-22880
F&O Security in Ban Today: NIL
Disclosure
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