📉📈 Nifty Weekly Wrap – 3rd Week of April ’25 🔍
Bulls Charge Ahead – A 1,000+ Point Weekly Rally!
📌 Market Recap
What a week! Nifty 50 delivered a massive +1023 point gain – up 4.4% on a weekly closing basis – breaching the crucial 23,800 level and closing strong.
The rally was powered by a duo of positive triggers:
✅ Tariff relief
✅ Cooling inflation
This combination boosted sentiment and attracted strong institutional buying across the board.
📊 Technical Overview
Weekly & Monthly Candles: Bullish ✅
PCR Ratio: At 1.15, signaling a bullish tilt
RSI: Holding steady at 54 – trend and momentum both aligned
200 SMA on Daily Chart: At 24,050 – a crucial level to watch.
🔼 A breakout and close above this may trigger fresh buying and a possible shift in long-term sentiment.
📌 Bank Nifty Leadership
Bank Nifty almost hit its all-time high, clearly outperforming Nifty this week.
The rally wasn’t limited to just PSU or private players – both segments showed strong participation, giving more legs to this uptrend.
📍 Key Bank Nifty Level:
➡️ As long as 52,000 holds, the uptrend structure remains intact.
📉 Volatility Update – India VIX
India VIX cooled off by a sharp 24%, settling near 15 – further reinforcing the low fear + high confidence mood in the market.
📌 Market Sentiment Snapshot
Everything is aligning for the bulls:
✅ Sectoral rotation
✅ Robust earnings
✅ Institutional buying
✅ Easing macro concerns
🎯 Momentum is real, and as long as levels hold, dips might continue to be bought.
📌 Key Levels to Watch (Nifty)
🔼 Resistance Zones
▶️ 24,050 (200 SMA – critical level)
▶️ 24,190 ~ 24,225
▶️ 24,450
🔽 Support Zones
▶️ 23,820
▶️ 23,660 ~ 23,710
▶️ 23,400
▶️ 23,200
📋 Strategy Heading into Next Week
🧘 Stay with the trend, but don’t get complacent.
📌 Watch for a clean breakout above 24,050 with volume – it could set the tone for a fresh leg higher.
📌 On the downside, 23,660–23,820 is a key demand zone to track.
Let the structure develop – no need to predict every move. Follow price, stay flexible.
Bulls Charge Ahead – A 1,000+ Point Weekly Rally!
📌 Market Recap
What a week! Nifty 50 delivered a massive +1023 point gain – up 4.4% on a weekly closing basis – breaching the crucial 23,800 level and closing strong.
The rally was powered by a duo of positive triggers:
✅ Tariff relief
✅ Cooling inflation
This combination boosted sentiment and attracted strong institutional buying across the board.
📊 Technical Overview
Weekly & Monthly Candles: Bullish ✅
PCR Ratio: At 1.15, signaling a bullish tilt
RSI: Holding steady at 54 – trend and momentum both aligned
200 SMA on Daily Chart: At 24,050 – a crucial level to watch.
🔼 A breakout and close above this may trigger fresh buying and a possible shift in long-term sentiment.
📌 Bank Nifty Leadership
Bank Nifty almost hit its all-time high, clearly outperforming Nifty this week.
The rally wasn’t limited to just PSU or private players – both segments showed strong participation, giving more legs to this uptrend.
📍 Key Bank Nifty Level:
➡️ As long as 52,000 holds, the uptrend structure remains intact.
📉 Volatility Update – India VIX
India VIX cooled off by a sharp 24%, settling near 15 – further reinforcing the low fear + high confidence mood in the market.
📌 Market Sentiment Snapshot
Everything is aligning for the bulls:
✅ Sectoral rotation
✅ Robust earnings
✅ Institutional buying
✅ Easing macro concerns
🎯 Momentum is real, and as long as levels hold, dips might continue to be bought.
📌 Key Levels to Watch (Nifty)
🔼 Resistance Zones
▶️ 24,050 (200 SMA – critical level)
▶️ 24,190 ~ 24,225
▶️ 24,450
🔽 Support Zones
▶️ 23,820
▶️ 23,660 ~ 23,710
▶️ 23,400
▶️ 23,200
📋 Strategy Heading into Next Week
🧘 Stay with the trend, but don’t get complacent.
📌 Watch for a clean breakout above 24,050 with volume – it could set the tone for a fresh leg higher.
📌 On the downside, 23,660–23,820 is a key demand zone to track.
Let the structure develop – no need to predict every move. Follow price, stay flexible.
Blogs : substack.com/@kzatakia
Penafian
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.
Blogs : substack.com/@kzatakia
Penafian
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.