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Wall Street plunges as US tariffs trigger recession fears; Dow falls 3.
How to trade Gold ahead of Trump's reciprocal tariff announcement today? -- The recent selling pressure from ~23,870 highs has stabilised around 23,100-23,140, which aligns with the 38.2 per cent Fibonacci retracement of the rally from 21,965 to 23,870. -- Despite short-term volatility, the overall market structure remains constructive, with the pullback appearing as a healthy retracement within the ongoing bullish trend. -- A breakout above 23,350 could fuel further upside towards the 23,700-23,800 range. -- Midcap100 is signalling renewed bullish confidence.-- A Bull Call Spread is recommended to capitalize on the expected recovery while ensuring a well-defined risk-reward structure.(Disclaimer: Sahaj Agrawal is a senior vice president and head of derivatives research at Kotak Securities.
The story "Sahaj Agrawal of Kotak Sec suggests how to trade Nifty50 on Apr 4; details" has 161 words across 5 sentences, which will take approximately 1 - 2 minutes for the average person to read.
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