Traders can use the dip to create long positions in Nifty futures around 17,100 levels for targets of 17,600-17,750. One can use 16,900 as a stop loss for this long trade. On the sectoral front, we expect auto, banking, financials, power, and capital goods to outperform, while IT, FMCG, and metals can be the laggards.
Wall Street slides as Trump’s tariff threats triggers market uncertainty
American stock markets experienced a decline on Friday. This downturn resulted in a weekly loss. Donald Trump’s proposal of 50% tariffs on European products triggered
May 24, 2025