Tariffs, Trends & Turning Points: What Investors Should Know Now
Just when it felt like the Indian stock market was finally getting into a rhythm this year, global drama came knocking—again. A few weeks ago, the U.S. decided to slap new tariffs on a bunch of imports, including some of India’s key exports like steel and electronics components. The reason? The usual suspects—“national interest” and “trade imbalances.” We’ve heard that one before. And just like that, the markets reacted. Where the Indices Stand Starting with the benchmark, the Nifty 50 is currently neutral on the weekly chart. It recently bounced off its 100-week moving average at 22,194, which has become a key support level. The index faces immediate resistance at 22,800, and if that level gives way, it opens the door to a possible rally toward 24,200. For now, it’s a “wait and watch” setup—neither overly bullish nor clearly bearish. Meanwhile, Bank Nifty is looking much more promising. It recently staged a weekly breakout around 52,480 and is now on many traders’ radars for a...