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Nifty 50 Nifty Bank Analysis
for April 22
, 2024Today Stock Market

Table of Content

Chanakya’s Nifty Bank & Nifty 50 Investments Analysis

Nifty Bank (47574)
:

*Major Trend: Bullish
*Trend for 22 April: Nifty Bank is expected to show positive opening on Monday and then down ward will resume. For next few session, the market mood is expected to remain weak.
*On lower side, expected to decline to 46879
*On higher side, it is expected to move up to 47968

Nifty 50 (22147):
*Major Trend: Bullish
*Trend for 22 April: Nifty is expected to show positive opening on Monday and then down ward will resume. For next few session, the market mood is expected to remain weak.
*On lower side, it is expected to decline to 21889
*On higher side, expected to move up to 22291

Weekly market round off & Nifty Analysis by Shrikant Chouhan Head Equity Research Kotak Securities

 Key global equity indices were under pressure this week due to escalation in geopolitical events.

In India, the Sensex 30 and the Nifty 50 indices posted negative returns in this week amidst the geopolitical developments.

The BSE Midcap and the BSE Smallcap indices also ended in the negative this week but outperformed their large-cap peers.

Most of the sectoral indices also ended the week in the red, with the BSE Oil & Gas index being an exception.

The IT index saw meaningful correction during the week.

India’s CPI inflation in March moderated to 4.9% from 5.1% in February whereas in the US, the CPI inflation in March stood at 3.5% as against 3.2% in February 2024.

Q4FY24 results have started to come in and one can expect stock specific action based on the financial performance and the management commentary.

In the near term, market participants will keep a tab of the geopolitical developments and the impact of that on equity markets and commodities including oil and gold.

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9 Comments on “Nifty 50 & Nifty Bank Analysis

    1. admin Post author

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  1. mrinalpgore

    Adani Ports& SEZ shares are not picking up? Any hopes in the near future of improving these shares?

    Reply

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