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GST Overhaul Set To Ignite A Relief Rally? Trump-Zelenskyy Meet In Focus| Opening Bell Live

Indian markets are poised to kick off the week on a strong footing as the GIFT Nifty is signalling a gap up start this morning. The Nifty 50 saw rangebound trading on August 14, though it extended its upmove for another session. The index remained within Tuesday's range and sustained above the 100-day EMA for the last two days. According to experts, as long as it trades below the 50-day EMA (24,813), consolidation is expected to continue, with immediate support at 24,465, followed by a key support level at 24,350. On the flip side, the index is expected to face a hurdle at 24,700. If it sustains above this level, 24,800 will be the next level to watch, followed by the 25,000 zone. The centre’s proposed GST overhaul may provide the much needed booster shot to the bulls. Auto stocks and consumer durables will be in focus. Meanwhile all eyes will be on Trump’s meeting with Zelenskyy after his summit with Putin ended without a peace deal. Catch Nandita Khemka in conversation with Rajesh Palviya, Senior Vice President Research (Head Technical & Derivatives) at Axis Securities and Feroze Azeez, Joint CEO, Anand Rathi Wealth

first published: Aug 18, 2025 09:00 am