Strong rally after Trump announcement
of strikes cancellation on Iran
Mid-session Outlook(03-08-2026)
Trump cancels strikes on Iran, says talks to resume: Decoding the big U-turn by the US president
Aug 03, 2026, 08:54:21 IST
US President Donald Trump has made quite a few aggressive threats against Iran only to walk back on some of them. The latest instance came late last week. Last Friday (July 31), the American leader vowed to hit the Islamic Republic “very hard”. Later on Sunday (August 2), he announced that “we have just been asked by Iran, and other Middle Eastern Countries, to hold off any attack”, claiming that “the perimeters of a deal have been agreed to”.
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As most positive above news on US-Iran came in the morning today therefore Dow Jones Futures was trading more than 270 points up and resultant Nifty opened 189 points up and since then upward moves are continued.
Now only sustaining beyond last 79 sessions trading range highest(24601) should be watched because once sustaining above it will generate strong rally beginning towards life time top after valid break out of last 79 sessions like bigger trading range.