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52 Weeks
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Gift Nifty is trading at 23,835.00, up by 30.00 points, indicating a postive to flat opening for Nifty.
Rupee Desk - USD/INR: Currently trading at 85.38
Short term - Technical Outlook
The Indian stock market is set to open on a positive to flat note. GIFT Nifty is trading at 23,835, up by 30 points, indicating a gap-up opening. The US market is trading in the red, while Asian markets are trading on a mixed note.
FIIs showed a strong buying trend in the last three days. Consistency in FII buying could provide confidence in the Indian market. Also, the rupee is trading at 85.38 against the dollar. The decreasing value of the Indian rupee is considered beneficial for economy.
HDFC Bank posted strong Q4 results with a 6.7% YoY rise in net profit and 10% growth in Net Interest Income (NII), driven by steady loan book expansion and better asset quality. The results are seen as positive and could uplift overall banking sentiment.
Globally, sentiment remains cautious as US markets closed lower due to persistent concerns over inflation and the Federal Reserve’s hawkish stance. Rising treasury yields are keeping equity markets on edge. Meanwhile, escalating trade tensions between China and the US have sparked fears of supply chain disruptions and rising costs, leading to increased global volatility and a shift towards safe-haven assets. Emerging markets, including India, may feel the ripple effects of this uncertainty.
Technically, Nifty has been in a bullish trend over the past few sessions. The last session closed at 23,851, up by 414 points. Another intraday momentum can be expected above 23,880, while a downside move is expected below 23,790. Comeback of FII buying is giving strong support to the market.
FIIs were net buyers for the third time this month, purchasing 4,667 crore, while DIIs sold 2,006 crore. On a monthly basis, FIIs have sold 19,971 crore, and DIIs have bought 21,117 crore. Volatility is expected to persist amid global uncertainties.
Short term Research Report Call
Buy Above: 23,880 | Targets: 23,940, 24,000, 24,090 | Stop-loss: 23,800
Sell Below: 23,790 | Targets: 23,740, 23,680, 23,600 | Stop-loss: 23,860
Short term Chart
Long term - Technical Outlook
Nifty is currently trading within a broken descending channel. If it sustains above the 23,850 level, momentum is expected to build toward the 24,200–24,800 range, while a breakdown below 22,300 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 28th 2025
Resistance 24,100
Support 24,000
Particular
FIIs
DIIs
Net Purchase/ Sales (Cr)
22 Apr 2025
+2,952.33
+3,539.85
MTD-May (Cr)
April
-2,175.26
+22,249.47
Indian stock markets opened on a positive note today, supported by strong global cues. The Sensex rose by around 130 points, while the Nifty gained nearly 30 points at the opening bell. Broader indices showed mixed trends, with the BSE Smallcap index trading higher and the BSE Midcap index slightly in the red.
Overall market breadth was mixed, with a slight tilt toward declines. Early trading saw over 1,000 stocks advancing, while more than 1,300 stocks declined and about 60 remained unchanged.
Sectorally, most major Nifty indices opened in green. Pharma, Auto, and FMCG sectors posted early gains, while the IT sector showed slight weakness.
Gift Nifty also signaled a positive start ahead of the market open. Meanwhile, Asian markets traded largely higher, providing supportive sentiment.
April 28th 2025
USA
26th April
USA
28th April
UK
25th April
GERMAN
25th April
Singapore
28th April
Japan
28th April
China
28th April
USA
26th 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
24167.03
R1
24280.90
R2
24399.95
R3
24612.17
Stop Loss
24032.46
Pivot
24084.22
(All values are in INR)
Sell Below
24001.40
S1
23887.53
S2
23768.48
S3
23556.26
Stop Loss
24135.98
R4 | R3 | R2 | R1 | Pivot | S1 | S2 | S3 | S4 | |
Classic | 25074.55 | 24838.18 | 24601.82 | 24320.58 | 24084.22 | 23802.98 | 23566.62 | 23285.38 | 23004.15 |
Woodie | 25625.80 | 24815.75 | 24590.60 | 24298.15 | 24073.00 | 23780.55 | 23555.40 | 23262.95 | 22520.20 |
Camarilla | 24324.03 | 24181.69 | 24134.24 | 24086.80 | 24084.22 | 23991.90 | 23944.46 | 23897.01 | 23754.67 |
Bullish
Bearish
EMA
SMA
5 Day
20596.17
10 Day
19758.64
20 Day
19107.57
50 Day
18506.63
100 Day
18176.29
200 Day
17866.94
Stoch RSI
100.00
ROC
9.78
Ultimate
67.50
Williams
-1.41
CCI
106.46
Stochastic
93.95
RSI
74.41
Bullish
1
Bearish
4
Neutral
2
ATR
130.17
Low Volatility
MACD
351.24
Bullish
Bullish
1
Bearish
0
Neutral
0
Check all stocks
Stock Name | CMP | Change (%) | Market Cap (Cr.) | Sector | Piotroski Score |
RELIANCE | 1368.8 | 5.2599 | 1759276 | Oil & Gas | 7 / 9 |
HDFCBANK | 1920.2 | 0.4709 | 1462486 | Banks | 3 / 9 |
HDFCBANK | 604.5 | 1.0616 | 1462486 | Banks | 3 / 9 |
TCS | 3443.5 | -0.1305 | 1247281.36 | Software & IT Services | 7 / 9 |
BHARTIARTL | 1821.8 | 0.2531 | 1106498 | 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.