Daily
52 Weeks
Daily Low
Daily High
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Open
0.00
Prev.Close
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Volume
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Short term - Technical Outlook
Bank Nifty closed at 54,290, up by 1,172 points in the latest session, indicating strong buying interest in the banking space. If it holds above 54,000, further momentum can be expected toward higher levels. Conversely, a break below 54,020 may trigger additional downside pressure.
The recent rally was supported by strong Q4 results from HDFC Bank, which posted a 6.7% YoY rise in net profit and a 10% increase in Net Interest Income (NII). The results boosted sentiment across the banking sector, adding strength to the uptrend in Bank Nifty.
FIIs were net buyers in the Indian equities for the third consecutive session, purchasing 4,667 crore, while DIIs were net sellers, offloading 2,006 crore. The comeback of foreign institutional buying is providing strong support to banking and broader indices. However, on a monthly basis, FIIs have sold 19,971 crore, while DIIs have bought 21,117 crore, showing that domestic flows are also stabilizing the trend.
Global cues remain mixed, with US markets closing lower due to inflation worries and tightening by the Fed. Meanwhile, rising tensions in China-US trade relations are contributing to broader market volatility. Despite global uncertainties, Indian banks continue to show resilience, backed by improving earnings and consistent FII inflows.
Short term Research Report Call
Buy Above: 54,500 | Targets: 54,700, 54,950, 55,500 | Stop-loss: 54,200
Sell Below: 54,000 | Targets: 53,640, 53,350, 52,830 | Stop-loss: 54,200
Short term Chart
Long term - Technical Outlook
Bank Nifty is trading within a descending channel on the 4-hour chart, closing the last session at 54,290, up by 1,172 points. Technically, holding above 54,374 could be positive for the Indian market. A strong close above the 54,500 level could lead to further upside.
Long term Research Report Call
Buy Above: 54,500 | Targets: 55,000, 55,500 | Stop-loss: 54,200
Sell Below: 48,300 | Targets: 48,000, 47,600 | Stop-loss: 48,600
Long term Chart
April 16th 2025
Resistance 53,000
Support 52,500
Particular
FIIs
DIIs
Net Purchase/ Sales (Cr)
9 Apr 2025
+6,065.78
-1,951.6
MTD-May (Cr)
April
-28,576.01
+25,636.58
On April 16, 2025, Indian stock markets opened on a weaker note amid mixed global cues and domestic macroeconomic concerns. The benchmark indices slipped in early trade, reflecting pressure from a widening trade deficit and easing inflation. India’s trade gap rose sharply in March as imports jumped over 11%, while export growth remained muted. On the positive side, retail inflation cooled to a five-year low of 3.34%, driven by a drop in food prices. This moderation in both headline and core inflation has raised expectations of a potential interest rate cut by the central bank. However, global uncertainty—particularly around policy signals from the U.S. and geopolitical risks—continues to weigh on sentiment. Technical indicators suggest the market may stay range-bound in the near term, with key support levels seen just below current prices and resistance capping the upside. In the derivatives space, heavy call writing at higher levels indicates strong resistance, while put writing at lower levels suggests some accumulation. Volatility has declined significantly, with the India VIX falling nearly 20%, though it remains above the psychological comfort zone, implying possible intraday swings. Sectors sensitive to interest rates may benefit from easing inflation, while consumer-oriented industries could see tailwinds from lower food prices. In contrast, export-driven segments might stay under pressure due to the trade imbalance and uncertain global trends. With a market holiday approaching and earnings season underway, investors are expected to remain cautious. International developments, especially any statements or actions from figures like Trump or shifts in U.S. economic policy, will also be closely watched.
April 21st 2025
USA
18th April
USA
21st April
UK
17th April
GERMAN
17th April
Singapore
21st April
Japan
21st April
China
21st April
USA
19th April
March 20th 2025
BHARTIARTL | 1,704 66.85 4.08 |
TITAN | 3,183.05 106.75 3.47 |
EICHERMOT | 5,234 133.1 2.61 |
BAJAJ-AUTO | 7,920 198.15 2.57 |
INDUSINDBK | 685 -7.7 -1.11 |
BAJFINANCE | 8,680 -51.6 -0.59 |
TRENT | 5,215 -15.85 -0.3 |
SHRIRAMFIN | 666.3 -1.65 -0.25 |
Check live levels for all scripts
Buy Above
55272.91
R1
55445.98
R2
55626.92
R3
55949.47
Stop Loss
55068.36
Pivot
55147.03
(All values are in INR)
Sell Below
55021.16
S1
54848.09
S2
54667.15
S3
54344.60
Stop Loss
55225.70
R4 | R3 | R2 | R1 | Pivot | S1 | S2 | S3 | S4 | |
Classic | 56877.90 | 56405.82 | 55933.73 | 55619.12 | 55147.03 | 54832.42 | 54360.33 | 54045.72 | 53731.10 |
Woodie | 57546.50 | 56484.55 | 55973.10 | 55697.85 | 55186.40 | 54911.15 | 54399.70 | 54124.45 | 52826.30 |
Camarilla | 55737.19 | 55520.84 | 55448.73 | 55376.61 | 55147.03 | 55232.39 | 55160.27 | 55088.16 | 54871.81 |
Bullish
Bearish
EMA
SMA
5 Day
47678.83
10 Day
45935.36
20 Day
44952.67
50 Day
43705.43
100 Day
42738.85
200 Day
41454.20
Stoch RSI
50.00
ROC
8.81
Ultimate
76.46
Williams
-2.49
CCI
211.21
Stochastic
97.60
RSI
53.57
Bullish
2
Bearish
3
Neutral
2
ATR
405.80
Low Volatility
MACD
630.74
Bullish
Bullish
1
Bearish
0
Neutral
0
Check all stocks
Stock Name | CMP | Change (%) | Market Cap (Cr.) | Sector | Piotroski Score |
HDFCBANK | 1927.1 | 1.0699 | 1475004 | Banks | 3 / 9 |
HDFCBANK | 604.5 | 1.0616 | 1475004 | Banks | 3 / 9 |
ICICIBANK | 1409.8 | 0.2204 | 1004529 | Banks | 8 / 9 |
SBIN | 816.7 | 2.4139 | 728784.5 | Banks | 5 / 9 |
KOTAKBANK | 2241.4 | 2.4359 | 445875.067 | Banks | 6 / 9 |
Disclaimer: Investment in securities/commodities market subject to market risk, read all the related documents carefully before investing/trading.
Analyst Certification: I/We, Ayushi Jain Research Analyst, authors, and the name subscribed to this report, hereby certify that all the views expressed in this research report accurately reflect our views about the subject issuer(s) or securities. We also certify that no part of our compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or view(s) in this report. NISM Research Analyst registration number – NISM-201900015194.