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Gift Nifty is trading at 23285 , up by 262.00 points, indicating a weak opening for Nifty.
Rupee Desk - USD/INR: Currently trading at 85.95
Short term - Technical Outlook
Indian stock market is set to open on a positive note. GIFT Nifty is trading at 23,285, up by 262 points, indicating a gap-up opening. US market is trading on a mixed note while Asian markets are trading in green.
Market is expected to move positively as global sentiment improves after US President Donald Trump announced a 90-day suspension of newly imposed tariffs, easing global trade tensions. Additionally, the RBI recently cut the repo rate by 25 basis points to 6.00% and shifted its stance to 'accommodative' to support economic growth. March inflation (CPI) data is scheduled to be released today, with expectations around 3.6%, which will be closely watched by market participants.
The Q4 corporate earnings season has begun, with Infosys and other major companies set to release their results this week, likely to drive stock-specific action.
Technically, Nifty is consolidating between a range of support at 22,750 to resistance at 22,920. A breakout towards either side will push the market in that direction. The last session closed at 22,828, up by 429 points. A positive session is expected today as the global trade war and tariff concerns are cooling down.
FIIs were net sellers at 2519 crore, while DIIs provided strong support by buying 3759 crore. On a monthly basis, FIIs have sold 34641 crore and DIIs have bought 27588 crore. Volatility is expected to persist amid global uncertainties.
Short term Research Report Call
Buy Above: 22,920 | Targets: 22,990, 23,037, 23,150 | Stop-loss: 22,820
Sell Below: 22,750 | Targets: 22,660, 22,600, 22,500 | Stop-loss: 22,850
Short term Chart
Long term - Technical Outlook
Nifty is currently trading within a broken descending channel. If it sustains above the 22,500 level, momentum is expected to build toward the 23,000–23,850 range. Furthermore, if it holds above 23,850, it could potentially lead to a further upside rally, while a breakdown below 21,700 may trigger additional downside pressure.
Investors and short-term traders can consider a buy-on-dips strategy for the long term, as the market is currently trading at attractive valuations. Quality investments at these levels are likely to yield strong long-term returns.
Long term Research Report Call
Buy Above: 23,850 | Targets: 24,000, 24,210, 24,500 | Stop-loss: 23,700
Sell Below: 22,300 | Targets: 21,900, 21,550, 21,270 | Stop-loss: 22,500
Long term Chart
April 9th 2025
Resistance 22,500
Support 22,300
Particular
FIIs
DIIs
Net Purchase/ Sales (Cr)
8 Apr 2025
-4,994.24
+3,097.24
MTD-May (Cr)
April
-27,764.74
+20,852.25
India’s stock markets face a crucial test this Wednesday, especially after Wall Street's attempted rebound lost steam overnight. The Nifty had closed 375 points higher on Tuesday, reclaiming the 22,500 level, but that gain may come under pressure as US market futures show sharp declines.
Adding to the day's significance is the weekly expiry of Nifty options, which typically brings heightened volatility. Another major event is the Reserve Bank of India’s Monetary Policy Committee (MPC) meeting, where the interest rate decision will be announced at 10 AM.
While markets have largely priced in a possible 25 basis point rate cut, investors will focus closely on Governor Sanjay Malhotra’s commentary regarding future monetary direction. In particular, the market is keen to see if the RBI shifts its stance from “neutral” to “accommodative” amidst current global and domestic uncertainties.
Keep an eye on the India VIX as well—it remains elevated above 20, signaling persistent volatility. Stay tuned for further updates.
April 15th 2025
USA
15th April
USA
15th April
UK
14th April
GERMAN
14th April
Singapore
15th April
Japan
15th April
China
14th April
USA
15th 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
22852.51
R1
22902.78
R2
22955.34
R3
23049.02
Stop Loss
22793.10
Pivot
22815.95
(All values are in INR)
Sell Below
22779.39
S1
22729.12
S2
22676.57
S3
22582.88
Stop Loss
22838.80
R4 | R3 | R2 | R1 | Pivot | S1 | S2 | S3 | S4 | |
Classic | 23285.55 | 23165.00 | 23044.45 | 22936.50 | 22815.95 | 22708.00 | 22587.45 | 22479.50 | 22371.55 |
Woodie | 23504.60 | 23171.30 | 23047.60 | 22942.80 | 22819.10 | 22714.30 | 22590.60 | 22485.80 | 22133.60 |
Camarilla | 22954.23 | 22891.39 | 22870.44 | 22849.50 | 22815.95 | 22807.60 | 22786.66 | 22765.71 | 22702.88 |
Bullish
Bearish
EMA
SMA
5 Day
20262.85
10 Day
19576.83
20 Day
19012.34
50 Day
18467.41
100 Day
18156.49
200 Day
17856.99
Stoch RSI
100.00
ROC
-1.44
Ultimate
53.86
Williams
-25.45
CCI
42.95
Stochastic
52.14
RSI
77.98
Bullish
0
Bearish
3
Neutral
4
ATR
131.31
Low Volatility
MACD
287.46
Bullish
Bullish
1
Bearish
0
Neutral
0
Check all stocks
Stock Name | CMP | Change (%) | Market Cap (Cr.) | Sector | Piotroski Score |
RELIANCE | 1240.1 | 1.7351 | 1650002.18 | Oil & Gas | 7 / 9 |
HDFCBANK | 1864.9 | 3.2185 | 1382450.36 | Banks | 3 / 9 |
HDFCBANK | 604.5 | 1.0616 | 1382450.36 | Banks | 3 / 9 |
TCS | 3248.2 | 0.5168 | 1169474.4 | Software & IT Services | 7 / 9 |
BHARTIARTL | 1798.8 | 2.4024 | 1070967.71 | Telecom | 8 / 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.