22, April, 2025
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Market Highlights

Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

April 21, 2025

  • Daily Morning Report                      Date: 21.04.2025
  • NIFTY OUTLOOK: 23851.65  FII: 4667.97 cr  DII: -2006.15 cr
  • As discussed in the previous report dated 15th April 2025, market behaviour remained on expected lines last week as the bulls counterattacked, and the strong bullish bias pushed the Nifty index up to 23872.35.
  • The Nifty has now formed a strong bullish candle on both the daily and weekly charts, indicating a continued uptrend and supporting further upward movement from current levels. This northward journey may face immediate and crucial resistance between 24043 and 24237. A breakout and sustained move above these levels may take the Nifty further to 24427–24618.
  • There are no signs of reversal yet, but the prolonged rally suggests the possibility of consolidation or profit booking in the coming days. Immediate support lies at 23660–23467. A breakdown below these levels may drag the Nifty down to 23277–23086.
  • Bank Nifty OUTLOOK:
  • SPOT: 54290.20  PCR: 1.16  Max CE OI: 55000  Max PE OI: 52000
  • On 17th April 2025, Bank Nifty closed at 54290.20, up 2.21% from the previous day. The index moved 1322.3 points intraday, with a high of 54407.20 and a low of 53084.90.
  • The previous day’s high of 54407.20 and low of 53084.90 can be considered as immediate resistance and support levels for today’s trading.
  • Technical View on Daily Chart:
  • Key technical levels for Bank Nifty are 54900 as resistance and 53590 as support. If the index crosses and sustains above 54900, it may move towards 55700. However, if it breaks below 53590, it may decline to 52890.
  • The Relative Strength Index (RSI) for Bank Nifty is at 72.30; levels above 70 are considered overbought, and below 30 are oversold.
  • Bank Nifty Day SMA Analysis:
  • Bank Nifty is trading above all 8 SMAs (5, 10, 20, 30, 50, 100, 150, 200-day).
  • It is trading below none of the SMAs.
  • A bullish candlestick pattern has also been identified.
  • • Belt Hold Uptrend
  • Contributed by
  • Ashok bhandari : INH000019549
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Panchkarma