Rupee Weakness, Poor Earnings: Short Nifty Between 25,350-25,450, Says Anuj Singhal

• Anuj Singhal of CNBC-Awaaz advises shorting Nifty between 25,350-25,450 due to rupee depreciation and weak earnings.
• Global markets recovered after Trump's statements, but domestic issues and poor Q1 earnings (ICICI Bank, RIL) remain a concern.
• FIIs sold only ₹846 crore yesterday, indicating sentiment-driven market; Sensex weekly expiry today.
• Market strategy: Exit trapped positions on rallies, buy only select quality stocks, and expect high hopes from the upcoming budget.
• Nifty resistance at 25,300-25,350 and 25,450-25,500; Bank Nifty resistance at 59,500-59,600.

Why It Matters: Weak rupee and poor earnings suggest shorting Nifty; retest of yesterday's low is probable.