# There is good news on the tariff front this Thursday morning…

President Trump announced a trade deal that will tariff Vietnam at 20% instead of the 46% tariff from "Liberation Day".

# We will now spy with one big eye if the average effective tariff rate for India eventually gets settled around 15-18%

# Expect volatility to be the hallmark as reports of stalled negotiations with Japan, Canada, Mexico and a pending deal with the EU maintained uncertainty ahead of next week's resumption of aggressive tariffs.

# Our call of the day suggests the markets are awaiting some big trigger to jump towards Nifty’s all-high at 26277.35 mark.

# Meanwhile, all bullish eyes will be on the US Nonfarm Payrolls (NFP) data for June, which will trickle in on Thursday, July 3rd.

Well, if NFP data points to signs of weakness in the labor market then simply expect bullish traders to raise Fed’s dovish bets if. Alternatively, upbeat job data would force bullish traders to pare bets supporting Fed interest rate cuts in September.

# Bottom-line: Technically, the return of risk is quite likely only if Nifty slips below the 25221 mark. Until then, the preferred trading strategy would be to buy the dips.

# Before we sign out, please note, Wall Street will close early at 1:00 PM ET on Thursday in observance of Independence Day.

DISCLAIMER

Our clients may have positions in the stocks mentioned in this note. Kindly note that our clients may receive additional information in real time not available to the viewers of this note.

This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. Returns mentioned herein are in no way a guarantee or promise of future returns. Stock market investments are subject to market risks.

RISK DISCLOSURES ON DERIVATIVES:

# 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.

# On an average, loss makers registered net trading loss close to 50,000.

# Over and above the net trading losses incurred, loss makers expended an additional 28%of net trading losses as transaction costs.

# Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this platform being used for actual investments.