The Dow Jones Industrial Average, S&P 500 and the NASDAQ Composite indices were knocked down badly on Friday. The Dow Jones fell 1.9 per cent. The S&P 500 and NASDAQ Composite indices were down 2.7 per cent and 3.5 per cent, respectively.

The US President Donald Trump’s plan to impose an additional 100 per cent tariff on Chinese imports triggered this sell-off on Friday. However, in the Futures markets, there has been a good recovery in the early trades today after Trump said not to worry about China and everything will be fine. The benchmark indices have risen by over 1 per cent each in the Futures trading.

Dow Jones (45,485.59)

The outlook is bearish. Cluster of resistance is in the 45,900-46,100 region. A rise beyond 46,100 may need a strong positive trigger. So, any bounce today can

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