Nifty, Sensex Today: Hidden weakness in market? Anil Singhvi explains what traders are missing | Editor's take

Indian markets are likely to open lower on Friday, tracking soft global signals. GIFT Nifty futures were at 23,159, down 0.51 per cent. This suggests an opening below the previous close of 23,306.45 on the Nifty 50. Markets remained shut on Thursday due to a holiday, leading to a build-up of global triggers.

Trump’s flip-flop keeps sentiment uncertain

According to Anil Singhvi, the biggest concern is the constantly changing attitude of US President Donald Trump. Late Thursday, Trump said strikes on Iran’s energy sites will be delayed by 10 days. Iran now has time till April 6, 8 pm to respond.

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He also said talks are progressing well and claimed Iran allowed US oil tankers to pass through Hormuz. Trump added that Iran is ready to stay away from nuclear weapons.

However, just hours earlier, Trump had taken a very aggressive stance. He warned Iran of severe consequences if a deal is not reached and accused it of misleading the world. This sharp shift in tone is keeping markets on edge.

Iran firm on stance, rejects US plan

Iran has not softened its position much. It rejected the US’s 15-point peace proposal and said it will not negotiate under pressure. At the same time, it allowed Indian ships to pass safely through the Strait of Hormuz, offering some relief for India.

Iran has also placed five key conditions for any ceasefire, showing that a final agreement is still far.

War action continues despite talks window

Tensions on the ground remain high. Iran reportedly targeted Kuwait airport and claimed missile action against a US warship. Israel struck an Iranian submarine centre. The US is planning to deploy another 1,000 troops in the region.

Ship movement through Hormuz has improved, but the overall situation remains fragile.

Market view: Risk not over yet

Anil Singhvi believes confusion is the biggest risk for markets right now. Trump’s statements swing between extreme aggression and positivity. This makes trend prediction difficult.

Even after delaying attacks, crude oil prices are not falling. This shows that geopolitical risk is still priced in. The rupee is also hovering near lifetime lows.

Key positives for today

• Energy strike deadline extended till April 6
• Hormuz route open for India-linked shipments
• Slight softening in Iran’s shipping stance
• FIIs selling remains limited
• DIIs continue strong buying support

Key negatives for today

• No clear ceasefire agreement yet
• Aggressive statements from both sides
• Crude oil remains elevated
• Weekend session may increase caution
• Markets near resistance levels
• Rupee near record low

Strategy: What should traders do?

Anil Singhvi advises caution at higher levels. A gap-down opening can lead to volatility during the day.

Buying should be considered only near strong support zones. Traders should avoid heavy positions ahead of the weekend. Risk management is critical in such headline-driven markets.