Today Stock Market share market today live
Nifty 50 Nifty Bank Analysis for April 30, 2025
Table of Content
Nifty Bank & Nifty 50 Target & Stoploss Analysis
Nifty Bank (55391)
On Tuesday, BankNifty corrected to 55391. Due to fear of full fledged war between India and Pakistan, the sentiment has turned cautious. Now on Wednesday, from the opening bell, strong uptrend is anticipated. The first resistance level is 55812 with support at 55116
* On higher side, it is expected to move up to 55812
* On lower side, it is expected to decline to 55116
Nifty 50 (24336)
On Tuesday, Nifty recovered to 24336. Due to fear of full fledged war between India and Pakistan, the sentiment has turned cautious. Now on Wednesday, from the opening bell, strong uptrend is anticipated. The first resistance level is 24432 with support at 24265
* On higher side, it is expected to move up to 24432
* On lower side, it is expected to decline to 24265
- 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
After showing a sustainable upside bounce on Monday, Nifty shifted into a consolidation with small high low range on Tuesday and closed the day higher by 7 points. After opening with a positive note, the market was not able to continue with the morning gains and slipped into minor weakness from the highs in the early part of the session. It later shifted into a range bound action for better part of the session.
A small red candle was formed on the daily chart with minor upper shadow. Technically, this market action indicates failed upside breakout attempt of the hurdle of around 24350-24400 levels. Hence this could mean chances of more consolidation in the short term.
Bullish pattern like higher tops and bottoms is intact as per daily chart and one may expect Nifty to resume its upside momentum after a small consolidation or minor dip. Immediate support is placed at 24150 levels. A decisive move above the resistance of 24450 could open next upside target of 24850 levels in the near term.
What is Vaishali Parekh’s prediction for Nifty 50?
(Vice President — Technical Research at Prabhudas Lilladher)
Market Preview
The Indian stock market started the new week on a firm footing as the key benchmark indices witnessed robust buying. The Nifty 50 index surged 289 points and closed at 24,328, the BSE Sensex shot up over 1,000 points and closed at 80,218, while the Bank Nifty index finished 768 points higher at 55,432. Reliance Industries and State Bank of India (SBI) led from the front and bolstered key benchmark rallies during Monday deals. The market sentiment remained buoyant, with both mid-cap and small-cap segments echoing the positive trend.
Stock market today
Vaishali Parekh, Vice President—Technical Research at Prabhudas Lilladher, believes the Indian stock market has erased nervous sentiments after a significant bounce back on Monday. The Prabhudas Lilladher expert said the Nifty 50 index has once again crossed the 200-DEMA of 24,050 and closed near the crucial hurdle placed at 24,350. A bullish trend can be assumed once the 50-stock index breaks decisively above this resistance.
Speaking on the outlook of the Nifty 50 today, Vaishali Parekh said, “The Nifty 50 index witnessed a significant bounce back to regain strength and has once again arrived at the crucial resistance hurdle of the 24350 zone, erasing the nervous sentiment indicated after last week’s heavy profit booking activity. Currently, the index has maintained near the important 200-period SMA at the 24050 level and, on the upside, would need a decisive breach above the resistance zone of the 24350 level to trigger a breakout, anticipating a further rise in the coming days.”
“The Bank Nifty index, after the short span of profit booking witnessed, has indicated a strong pullback to close above the 55400 zone and maintain the previous peak zone of 54500 zone as support has improved the bias to anticipate a further upward move in the coming sessions. As mentioned earlier, the index would have near-term support positioned near the 53800 level, which needs to be sustained in the coming sessions, and a decisive breach above the 56000 zone shall trigger the fresh upward move with targets of 57400 and 58600 levels achievable,” said Parekh.
Parekh said that today, support for the Nifty is at 24,200, while resistance is at 24,600. The Bank Nifty will have a daily range of 55,000 to 56,000.
Share Market today live & Nifty Analysis by Shrikant Chouhan
Head, Equity Research Kotak Securities
Today, the benchmark indices witnessed a range-bound trading session, with the Nifty ends unchanged while the Sensex was up by 70 points. Among sectors, the Defense index outperformed, rallying 5 percent, while intraday profit booking was seen in select pharma stocks, resulting in a 1 percent decline for the Pharma index.
Technically, the market is consistently facing resistance near the 24,450/80500 resistance zone. A small bearish candle near this important resistance level indicates indecisiveness between the bulls and the bears.
We are of the view that, on the upside, 24,450/80500 would be the immediate breakout level for the bulls. Above this level, the market could rally towards 24,550-24,600/80800-81000. On the other hand, if the market falls below 24250/80000, selling pressure is likely to accelerate. Below this level, we could see a quick correction down to 24,150-24100/79700-79500.
Analysis by Mr. Nandish Shah, Senior Derivative & Technical Research Analyst, HDFC Securities.
After opening 42 points higher, Nifty continued to gain in the first 15 minutes of trading, reaching to 24457. However, profit-booking soon ensued, pulling the index down to an intraday low of 24,290. Nifty finally ended the day with the gains of 7 points to close at 24335. Following a sharp decline in trading activity yesterday, volumes on the NSE cash market rebounded, registering a 14% increase.
After a significant appreciation in the previous session, the Indian rupee shed some of those gains, weakening by 22 paise against the US dollar to settle at 85.25. This downturn was primarily attributed to increased demand for the US dollar from bankers and importers.
The mid and small-cap indices managed to close marginally higher, gaining 0.27% and 0.37%, respectively. Despite this positive close in the broader market, the trend of declining shares outnumbering advancing ones continued for the fourth consecutive day, with the BSE advance-decline ratio at 0.87.
Sectorally, IT, Consumer Durables, and Oil & Gas stocks were the top performers, while Pharma, Metal, and Healthcare sectors experienced the most significant declines.
Nifty is in continuation of an uptrend, as it is placed above all key moving averages. Next resistance for index is seen at 24545, which happens to be 61.8% retracement of the entire fall seen from 26277 to 21743. On the downside, the 24,150 level is likely to act as immediate support for the Nifty.
Analysis by Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
Nifty Struggles at Higher Grounds; Sellers, Guard 24.5K Amid Range-Bound Action
Nifty index continued to encounter hurdles at elevated levels, struggling to surpass its major resistance, and showcasing signs of consolidation with muted momentum. The index managed to inch up by 0.03% (+7.45 points), settling at 24,335.95. This marks the fifth consecutive session where the index has failed to pierce through resistance, signaling that sellers are asserting dominance near higher levels and that cautious sentiment still prevails. Persistent intraday profit-booking from upper zones indicates that bears remain active and unwilling to relent just yet.
Despite this, the broader undertone stays optimistic, and a ‘buy-on-dips’ approach remains relevant in the current setup. With both bulls and bears actively engaged, Nifty seems to be entering a phase of time-wise consolidation — provided it maintains its foothold above crucial support levels. Technically, the index has carved out a defined range between 23,800 to 24,450 over the last seven sessions, oscillating within this pivotal channel that could dictate the next directional move.
From a technical standpoint, waning upside momentum is flashing caution signals, with the price repeatedly failing to surpass the critical resistance at 24,500. Yet, the index continues to hold above its 10-day EMA, reinforcing a bullish-to-sideways market structure. A formation resembling a shooting star candlestick has appeared on the daily chart, and a follow-through on the downside may pave the way for aggressive profit-taking. Encouragingly, the price action continues to favor a consolidation phase, as Nifty remains devoid of a clear trend, hinting at strong positioning from both sides at key levels. Immediate resistance is packed between 24,400 and 24,500 — a zone that may act as a formidable supply wall. A decisive breakout beyond this resistance band could rekindle bullish momentum and propel a fresh leg up.
From a momentum angle, the daily RSI hovers slightly above 60 but is displaying negative divergence, which further underlines a cautious undertone. A move above 24,450 could trigger short-covering rallies and attract fresh buying, whereas a drop below 24,200 may lead to a correction toward 23,900–24,000.
Volatility Snapshot:
India VIX rose 2.54% to 17.37, signaling heightened market turbulence. Given the prevailing global macro headwinds, volatility may surge unpredictably. While VIX hovers above the comfort zone, its sustained hold above the key 15 threshold indicates that traders should brace for sudden intraday jolts and sharp reversals.
Options Market Pulse:
The options data signals a gradual shift in trader sentiment — from confidence to caution. Call writers have ramped up their positions aggressively, overtaking put writers, which is a subtle warning sign for bullish setups. The 24,500 strike has amassed a heavy open interest of 1.65 crore contracts, marking it as a strong near-term resistance ceiling. Conversely, the 24,000 strike has seen substantial put writing of 1.12 crore contracts, reinforcing it as a key support just below current levels. The significant build-up of open interest in the 24,400–24,500 band further highlights it as a crucial resistance zone. Notably, while put writers have begun shifting to lower strikes, call writing has intensified, signaling an undercurrent of nervousness among participants. The Put-Call Ratio (PCR) has dropped sharply from 1.17 to 0.84, indicating a clear tilt toward caution, as sellers gain ground. Max Pain remains anchored at 24,300, suggesting a range-bound stance with any upside likely capped unless a breakout is achieved.
Market Viewpoint:
The Nifty continues to move through a consolidation-cum-caution phase, as resistance at higher levels persists. The recent price action reflects a classic tug-of-war between bulls and bears. As the index hovers near its upper boundary while firmly protecting the lower support zones, a breakout in either direction will likely set the tone for the next trend. As long as Nifty holds above the crucial 23,900–23,800 support zone, the broader structure remains constructive. A sustained breakout above 24,500 could open the floodgates for renewed bullish momentum, possibly taking the index toward the 25,000 milestone. Until such a breakout occurs, expect a choppy, range-bound market. A breakout above the resistance band could reinvigorate bullish sentiment, while a breakdown below support may trigger profit-taking toward 23,500. Given the sharp uptrend in recent weeks, this consolidation appears to be a healthy pause — a base-building phase ahead of a potential directional breakout.
Weekly market analysis by Amol Athawale, VP-Technical Research, Kotak Securities:
In the last week, the benchmark indices witnessed profit booking at higher levels, with the Nifty ending 0.8 percent higher and the Sensex up by 660 points. Among sectors, the IT index outperformed, gaining 6.4 percent, while the Tourism and Media indices shed over 2 percent. During the week, the market continued its positive momentum but corrected sharply last Friday. Technically, the Nifty and Sensex breached the 24100/79300 support zone and slipped below the 200-day SMA (Simple Moving Average). Additionally, a reversal formation on daily charts and a shooting star candlestick formation on weekly charts indicate temporary weakness.
We believe that as long as the market is trading below 24100/79300, the correction wave is likely to continue. On the downside, the market could slip to 23800/78500, and further downside may drag the index down to 23700/78200. Conversely, a breach above 24100/79300 could change market sentiment. If the market surpasses this level, it could rally to 24400-24500/80200-80500. For the Bank Nifty, 55000 will be the trend-decider level for short-term traders. Below this level, it could retest the 54000-53700 range. On the flip side, if it moves above 55000, sentiment could improve, increasing the chances of reaching 55800-56000.
To subscribe Our Investment Publications: Click
Quicklinks
