Today Stock Market share market today live
Nifty 50 Nifty Bank Analysis for April 16, 2025
Table of Content
Nifty Bank & Nifty 50 Target & Stoploss Analysis
Nifty Bank (52379,59)
On Tuesday, along with the world markets, BankNifty recovered sharply. Now On Wednesday, at the opening bell, BankNifty is expected to continue upward journey. The first resistance level is 52623 with support at 51999
* On higher side, it is expected to move up to 52623
* On lower side, it is expected to decline to 51999
Nifty 50 (23328.55)
On Tuesday, along with the world markets, Nifty recovered sharply. Now On Wednesday, at the opening bell, Nifty is expected to continue upward journey. The first resistance level is 23396 with support at 23234
*On higher side, it is expected to move up to 23396
*On lower side, it is expected to decline to 23234
- Reliance, Target & Stoploss
- Gold Analysis
- FII buy-Sell
- Technical Analysis
- Calls for the Day
- Currency Analysis
Technical Analysis of the Market by Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities
Nifty continued its excellent upward journey on Monday and closed the day with hefty gains of 500 points. Nifty opened with a huge upside gap of 540 points and later shifted into a narrow range movement for better part of the session. The opening upside gap remains unfilled.
A small red candle has been formed with lower shadow after a sharp upside gap. Technically this market action could be an uptrend continuation pattern.
Nifty is now placed at the edge of upside breakout of the hurdle of 200-day EMA around 23360 levels. The huge unfilled opening upside gaps of the last few sessions indicate bullish runaway gaps, which are normally formed in the middle of a trend.
The near-term uptrend of Nifty remains intact. The next upside targets to be watched around 23650 and 23870 levels in the next 1-2 weeks. Immediate support is placed at 23200 levels.
What is Vaishali Parekh’s prediction for Nifty 50?
(Vice President — Technical Research at Prabhudas Lilladher)
Market Preview
Despite global brokerage Morgan Stanley revising its year-end Sensex target from 93,000 to 82,000, the Indian stock market ended higher for the second straight session on Tuesday. Among the frontline indices, the Nifty 50 index opened upside at 23,368, its intraday peak. The benchmark index sustained higher levels and closed at 23,348, logging an intraday gain of 519 points. After ending at 23,348, the 50-stock index registered a 949-point gain in the last two straight sessions. The BSE Sensex opened northward at 76,852 and closed at 76,792 levels, logging an intraday gain of 1,634 points and an increase of 2,945 points in two straight sessions. The Bank Nifty index opened upside at 52,299 and ended at 52,379 levels, logging an intraday gain of 1,377 points. After ending at 52,379 levels, the Bank Nifty index logged almost 2,150 points gain in two straight sessions.
This Dalal Street rally is participatory as buying also occurred in the broad market. The BSE Small-cap index ended at around 3.20% upward, while the Mid-cap index surged by nearly 3% during Tuesday deals.
Stock market today
Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, believes the Indian stock market bias is positive as the Nifty 50 index has breached above the 50-DEMA resistance, which is 23,000. The Prabhudas Lilladher expert said the 50-stock index has finished above 23,300, and the frontline index is now looking poised to touch 24,000 soon.
Speaking on the outlook of the Nifty 50 today, Vaishali Parekh said, “The Nifty 50 index once again witnessed a big gap up opening to breach decisively above the 50-EMA level of 23,000 zone to improve the bias along with the sentiment getting better and ended the session on a strong note above 23,300. The index got significant support from the broader markets to strengthen the overall trend, anticipating a further rise with a target of 24,000 visible zones in the coming days.”
“The Bank Nifty index straightaway opened above the tough barrier zone of 52,000 to signify strength and has much upside potential to carry on with the positive move further ahead for targets of 53,800 and 54,400 anticipated in the coming days. The index would now have the important zone of the 200 period MA at 51,000 as the crucial support and would need to sustain above this level to maintain the overall bias intact,” said Parekh.
Parekh said that support for Nifty today is at 23,200, while the resistance is at 23,600. The Bank Nifty would have a daily range of 51,800 to 53,000.
Share Market today live & Nifty Analysis by Shrikant Chouhan
Head, Equity Research Kotak Securities
The benchmark indices continued their positive momentum, with the Nifty ends 500 points higher, while the Sensex was up by 1578 points. Among sectors, all the major sectoral indices traded in positive territory, with the Realty index outperforming, gained 5.75 percent. Technically, on the backdrop of positive global sentiment, our market opened with a huge gap up, and after a strong opening, it hovered for the entire day between the 23250 to 23350/76500-76800 prices ranges.
In addition, on daily charts, the market is holding uptrend continuation formation, which supports a further uptrend from the current levels. We are of the view that the current market texture is bullish; however, due to temporary overbought conditions, we could see some profit booking at higher levels. For traders, 23400/76900 and 23500/77300 would act as key resistance areas, while 23200-23135/76400-76100 could serve as crucial support zones. However, below 23135/76100, the uptrend would be vulnerable. For day traders, as long as it is trading above 23130/76100, buying on intraday corrections and selling on rallies would be the ideal strategy.
Analysis by Mr. Nandish Shah, Senior Derivative & Technical Research Analyst, HDFC Securities
It was yet another gap-up opening for the markets, where Nifty opened by 540 points. In opening trade Nifty tested its 200 days EMA, placed at 23360. After strong opening, Nifty managed to sustain at a higher level and finally ended the day with the gains of 2.19%, to close at 23328. From 7th April’s Low of 21743, Nifty has risen more than 1600 points in the span of 5 trading sessions. Trading volumes on the NSE cash market saw a 7% increase compared to yesterday, indicating strong participation.
Adding to the positive sentiment, the Indian Rupee continued its winning streak for the second consecutive day, appreciating by a solid 27 paisa against the US dollar to settle at 85.77. This strength was fueled by the buoyant equity markets, some easing in tariff concerns, and a weakening dollar amid President Trump’s evolving stance on reciprocal duties.
The volatility gauge, India VIX, witnessed a significant cooling off, plummeting by over 20% in today’s trade. This easing of fear Index further bolstered market confidence.
Broader market indices mirrored the benchmark’s positive momentum. The Nifty Midcap 100 and Smallcap 100 indices witnessed strong gains of 2.90% and 3.10% respectively, indicating widespread buying interest. The market breadth was overwhelmingly positive, with advancing shares significantly outpacing declining ones. The advance-decline ratio on the BSE stood at a robust 4.23, marking its highest point since April 1st, 2024.
Across sectors, a bullish sentiment prevailed, with all sectoral indices closing in the green for the second straight day. Leading the charge were the Realty, Auto, Financial Services, and Metal sectors, all registering substantial gains.
India Meteorological Department (IMD) has projected an above-normal monsoon for 2025, forecasting precipitation at a minimum of 105% of the long-period average in its initial Southwest Monsoon estimate.
Technically, the Nifty has decisively reclaimed levels above its 20, 50, and 100-day EMAs, a clearly encouraging sign for the bulls. Looking ahead, the next significant resistance level for the Nifty appears to be around 23869, which coincides with the previous swing high. On the downside, the 22900-23000 zone is likely to provide immediate support for the index
Analysis by Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
Nifty ends on firm note; 23,200 holds as, strong demand zone amid rising momentum
The trading week kicked off on a buoyant note, with the Nifty index registering a strong gap-up opening and finishing with strength. The benchmark surged by 2.19%, or 500 points, to close at 23,328.55. The steep ascent, punctuated by intermittent price gaps, signalled that the market had largely shrugged off concerns surrounding geopolitical tensions linked to the ongoing trade war. This was evident in the index’s ability to open higher and reclaim territory above the previous five-session low. However, the initial exuberance faded quickly as the index drifted sideways, confining itself within the first hour’s trading range and the rest of the session remained listless and range-bound.
Despite the muted intraday movement, Nifty managed to stay comfortably above its immediate support of 23,200 while ending the session close to a resistance zone—indicating that continuation will depend heavily on sustained follow-up buying. Encouragingly, persistent buying on dips established a firm demand zone, helping bulls maintain control. A bullish hammer candlestick pattern formed on the daily chart, suggested that intraday selling pressure was well absorbed, and buyers re-entered with strength—an encouraging technical sign of resilience.
From a technical perspective, the index’s close above the crucial 23,200 level and its prior swing low reaffirms this zone as a critical breakout base. The day’s intraday high and low of 23,368 and 23,207, respectively, now serve as immediate reference points. The RSI nudged above the 50 mark on the daily scale, hints at a modest revival in momentum, although broader strength remains moderate. The 23,450–23,500 corridor continues to pose a supply barrier, and only a decisive breakout beyond this range could rekindle bullish momentum and spark a round of short covering. Conversely, sustaining above 23,200 will be key to defending against profit-booking pressure. A breach below this level could expose the index to a corrective move toward the 23,000 support zone. On the flip side, a confirmed breakout above 23,450 could unlock significant upside potential.
Options Market Insights:
The derivatives setup reflects a cautiously pessimistic undertone. Call writers maintained the upper hand, overshadowing put writing activity and slightly tilting sentiment in favour of the bears. The 24,000 strike witnessed heavy call writing with an open interest of 1.06 crore contracts, establishing it as a formidable resistance. On the support front, aggressive put writing was observed at the 23,300 strike (1.01 crore contracts), indicating buyer confidence near the lower levels. While bulls are showing early signs of accumulation, conviction is still building. The 23,500–23,700 range has emerged as a significant supply zone. Interestingly, call writing activity has started shifting to higher strikes—a subtle hint of improving sentiment. The Put-Call Ratio (PCR) held steady at 0.81, reflecting a neutral-to-cautious stance among market participants. With Max Pain pinned at 23,250, option sellers continue to suppress upward movement, keeping downside risks on the radar.
Volatility Trends:
India VIX, the benchmark volatility gauge, dropped sharply by 19.81% to 16.12, indicating a substantial decline in market anxiety over geopolitical tensions. However, with VIX still above the psychological 15 mark, traders should brace for intraday swings, abrupt reversals, and continued whipsaw action—highlighting the need for disciplined risk management.
Market Outlook:
Despite the sharp rally, the index has left an unfilled downside gap, which could serve as a magnet in case of selling pressure. For the bulls to firmly regain command, a strong follow-through session that decisively clears the 23,450 resistance is essential. Holding the session’s low of 23,200 will also be crucial to sustain the bullish structure. The formation of a small-bodied candle with a prominent lower wick near a support-heavy zone, coupled with strong put writing activity, emphasizes the importance of defending this level. As long as Nifty trades above 23,200, the bias remains upward. However, the 23,450–23,500 belt now stands as a critical resistance zone, reinforced by hefty call writing. A confirmed breakout above 23,450 could trigger a bullish continuation, whereas a failure to hold above 23,200 may invite selling pressure, pushing the index toward the 23,000 mark.
Quote by Dr. Vikas Gupta, CEO and Chief Investment Strategist at OmniScience Capital on today’s market jump
“Markets are adjusting the new reality of daily Trump Twists and Turns. As we had mentioned earlier, there will be continuous announcements by US, other countries, specific companies and their proactive statements and counter responses. As these appear the markets will react to them. In this scenario, frequent changes to the markets are a given. Sometimes when tariffs look like they have been temporarily removed the markets will react positively, when something unexpected happens they will react negatively. One should keep calm and not react with Mr. Market, but rather focus on a list of companies which are strong domestic companies or strong global companies and accumulate them over a period of time as they become available over their conservatively determined intrinsic values. Also, stay away from weak domestic companies and weak global companies. If such companies are in the portfolio, one can start exiting them whenever one gets a decent price for them.”
Weekly market analysis by Amol Athawale, VP-Technical Research, Kotak Securities:
In the last truncated week, the benchmark indices experienced extremely volatile activity. After a rollercoaster of movement, the Nifty ends 0.33 percent lower, while the Sensex was down by 205 points. Among sectors, Real Estate, Metal, and IT indices corrected sharply, with Real Estate down by 4 percent, Metal by 2.9 percent, and IT by 2.3 percent. In contrast, the FMCG and Consumer indices outperformed, with both indices rallying over 3 percent.
During the week, the market opened with a significant gap down and slipped below 22,000/72700. However, due to buying interest at lower levels, there was a sharp rebound. Technically, on weekly charts, the index formed a long bullish candle, and on the daily chart, it exhibited a promising reversal formation, which is largely positive. However, the short-term texture of the market remains on the weak side.
We believe that the current market texture is extremely volatile and uncertain; therefore, level-based trading would be the ideal strategy for positional traders. In the near future, the 50-day and 20-day SMA (Simple Moving Average) or 23,000/75800 would act as crucial resistance zones. On the downside, retracement support is positioned at 22,500/74200. Technical setup indicates that as long as the market is trading above 22,500/74200, the pullback formation is likely to continue. On the higher side, if 23,000/75800 is breached, it could push the market toward 23,200/76400. Conversely, if it falls below 22,500/74200, market sentiment could shift negatively, and traders may prefer to exit their long positions.
For Bank Nifty, after a correction, it rebounded sharply and is currently trading near the 200-day SMA. For trend-following traders, the 200-day SMA, or levels around 51,000 and 50,500, would act as key support areas for the bulls. As long as it is trading above these levels, the bullish sentiment is likely to continue. On the upside, it could retest the range of 51,800-52,000. However, if it falls below 50,500, the chances of hitting 50,200-50,000 would increase.
To subscribe Our Investment Publications: Click
Quicklinks
