🔄 Recap since last update (21.03.2025):
Nifty rallied to a high of 23,869.60 on 25th March, right into the Weekly Supply Zone highlighted earlier — and then the storm hit. Triggered by Trump’s tariff announcements, Nifty crashed over 2,000 points in just 8 sessions, bottoming out at 21,743.65 on 7th April.
🌍 Global markets have since remained highly volatile. Interestingly, Dow Futures have bounced back 4,000 points (10%) from their lows and are now hovering around 40,700 (while writing this).
⚠️ With the looming Trade War, expect continued volatility across global and Indian markets. Be nimble and cautious.
📅 On Wednesday (Weekly Expiry):
Nifty opened gap-down, moved in a tight range between 22,468.70 and 22,353.25, and closed at 22,399.15, down 137 points from the previous session.
🔹 Trend Analysis:
Weekly Trend (50 SMA): Sideways
Daily Trend (50 SMA): Sideways
📉 Demand/Support Zones
Near Support (30m): 21,964.85 – 22,080.85
Near Demand/Support (75m): 21,814.35 – 22,037.80
Far Support: 21,281.45 (Low of 4th June 2024)
Far Demand/Support (Daily): 20,769.50 – 20,950
📈 Supply/Resistance Zones
Near Supply (Gap Zone - Daily): 22,697.20 – 22,904.45
Far Supply (Daily): 23,145.80 – 23,350
Far Supply (Daily): 23,412.20 – 23,649.20 (Inside Weekly Supply)
Far Supply (Weekly): 23,412.20 – 23,869.60
Far Supply (Weekly): 24,180.80 – 24,792.30
🔍 Outlook:
Nifty has shown signs of stabilization post the sharp fall, but the presence of a Daily Gap Zone at 22,697 – 22,904 will be the first hurdle for bulls. If this gets cleared with volume, we could see a climb toward 23,145–23,350.
However, global uncertainties and overhead supply zones suggest a sell-on-rise approach may be more appropriate in the short term. Stay agile and manage risk diligently.
📢 Disclaimer: This analysis is for educational purposes only and not investment advice. Please do your own research or consult a financial advisor before making trading decisions.
Nifty rallied to a high of 23,869.60 on 25th March, right into the Weekly Supply Zone highlighted earlier — and then the storm hit. Triggered by Trump’s tariff announcements, Nifty crashed over 2,000 points in just 8 sessions, bottoming out at 21,743.65 on 7th April.
🌍 Global markets have since remained highly volatile. Interestingly, Dow Futures have bounced back 4,000 points (10%) from their lows and are now hovering around 40,700 (while writing this).
⚠️ With the looming Trade War, expect continued volatility across global and Indian markets. Be nimble and cautious.
📅 On Wednesday (Weekly Expiry):
Nifty opened gap-down, moved in a tight range between 22,468.70 and 22,353.25, and closed at 22,399.15, down 137 points from the previous session.
🔹 Trend Analysis:
Weekly Trend (50 SMA): Sideways
Daily Trend (50 SMA): Sideways
📉 Demand/Support Zones
Near Support (30m): 21,964.85 – 22,080.85
Near Demand/Support (75m): 21,814.35 – 22,037.80
Far Support: 21,281.45 (Low of 4th June 2024)
Far Demand/Support (Daily): 20,769.50 – 20,950
📈 Supply/Resistance Zones
Near Supply (Gap Zone - Daily): 22,697.20 – 22,904.45
Far Supply (Daily): 23,145.80 – 23,350
Far Supply (Daily): 23,412.20 – 23,649.20 (Inside Weekly Supply)
Far Supply (Weekly): 23,412.20 – 23,869.60
Far Supply (Weekly): 24,180.80 – 24,792.30
🔍 Outlook:
Nifty has shown signs of stabilization post the sharp fall, but the presence of a Daily Gap Zone at 22,697 – 22,904 will be the first hurdle for bulls. If this gets cleared with volume, we could see a climb toward 23,145–23,350.
However, global uncertainties and overhead supply zones suggest a sell-on-rise approach may be more appropriate in the short term. Stay agile and manage risk diligently.
📢 Disclaimer: This analysis is for educational purposes only and not investment advice. Please do your own research or consult a financial advisor before making trading decisions.
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Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.