Sentiment negative amid global headwinds

Nifty index opened negative amid global headwinds and concerns stemming from tariff announcements.

- Motilal Oswal Team

Throughout the day, price action remained choppy within a small band but respected its base of 25150 zones. It broke above its morning high in the last hour and touched 25267 levels. It formed a bullish candle on daily frame and maintained the bullish structure despite intermittent selling pressure. Now it has to hold above 25150 zones for an up move towards 25350 then 25450 zones while supports can be seen at 25150 then 25000 zones.