Markets Brace for Flat-to-Negative Open as Tariff Jitters Grip Traders
Wall Street's mood sours before the bell—tariff tensions cast a pall over risk appetite.
Tariff Turbulence Hits Sentiment
No fireworks today—just the slow burn of trade war déjà vu. Futures inch sideways as policymakers reload the tariff bazooka. Same playbook, different administration.
Crypto Stands Tall (As Usual)
While traditional markets sweat over 20th-century trade spats, Bitcoin hodlers shrug. Decentralization doesn’t give a damn about customs forms—another reminder why legacy finance is playing catch-up.
Closing thought: If tariffs were a crypto project, they’d be a shitcoin—all hype, no utility, and somehow still getting funded.
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Mandar Bhojane, Senior Technical & Derivative Analyst, Choice Broking, said: Volatility declined slightly, as the India VIX fell 1.84 per cent to 11.71, indicating reduced fear and improved trader sentiment. In the options segment, the highest Call open interest is seen at the 24,800 and 25,000 strikes—signalling key resistance levels. Meanwhile, the highest Put open interest lies at the 24,600 strike, suggesting it to be an important support zone.
“The combined technical and derivatives setup suggests that as long as key support levels hold, there is a potential for upward continuation. Traders are advised to remain cautiously optimistic, use dips to accumulate quality names, and manage risk with appropriate stop-loss strategies,” he added.
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Stock to buy today: Max Healthcare Institute (₹1,272.30) – BUY
Amid tariff threats, foreign portfolio investors are resorting to heavy selling.
Gaurav Garg, Lemonn Markets Desk, said: Foreign investors continued their selling streak, adding to the negative bias. Additionally, heavy profit-booking in oil and gas stocks dragged sectoral indices lower, while uncertainty ahead of the RBI’s policy decision on Wednesday kept traders cautious, he said.
Published on August 6, 2025
