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April 15, 2025
- Daily Morning Report Date: 15.04.2025
- NIFTY OUTLOOK: 22828.55 FII: -2519.03 cr DII: 3759.27 cr
- (15th April – 17th April 2025)
- As discussed in the previous report dated 7th April 2025, the market behaved as expected. Bears took control during the week, pulling the index down to 21743.
- A long bullish candle resembling a Marubozu on the weekly chart, along with a bullish opening Marubozu on the daily chart, signals a strong counterattack by bulls and a firm bullish bias. If this momentum continues, Nifty may rally towards 23030–23191. A breakout and sustain above these levels could extend the rally to 23371–23557.
- There are no signs of reversal yet, but the sharp rise from 21743 may attract some profit booking. If it occurs, immediate support is seen at 22648–22465. A break and sustain below this zone may drag the index to 22287–22107.
- Bank Nifty OUTLOOK:
- SPOT: 51002.35 PCR: 0.86 Max CE OI: 54000 Max PE OI: 49000
- On 11th April 2025, Bank Nifty closed at 51002.35, up 1.52% from the previous day. The index moved 610.60 points intraday, with a high of 51244.70 and a low of 50634.10.
- The previous day's high of 51244.70 and low of 50634.10 can be considered as resistance and support respectively for today’s trading.
- Technical View on Daily Chart
- Key technical levels for Bank Nifty are 51580 as resistance and 50430 as support. If the index crosses 51580 and sustains, it may move towards 52150 followed by 52700. On the downside, a breach of 50430 may take it to 49850.
- The Relative Strength Index (RSI) stands at 56.10; below 30 is considered oversold, and above 70 overbought.
- Bank Nifty Day SMA Analysis
- Bank Nifty is trading above 6 out of 8 SMAs (5, 20, 30, 50, 100, 150-day) and below 2 SMAs (10, 200-day).
- One bullish candlestick pattern was identified in Bank Nifty.
- • Belt Hold Uptrend
- Macros.
- 1. Dollar index @ 99.70
- 2. Vix @ 32.81
- 3. Crude @ 64.99
- 4.10 years bond @ 4.409.
- Note:
- US markets settled higher as both sides signalled willingness to resolve the trade war. The US appears to be softening its stance on tariffs, with certain electronic and chip-making items currently exempt.
- On the data front, the US Dollar Index is at a 3-month low, trading below 100 (CMP 99.70). VIX has cooled from 50 to 32, while bond yields have risen, indicating hesitation among bond buyers. Crude has rebounded strongly after the US showed signs of easing tariffs on China.
- Conclusion:
- Expect ongoing negotiations and tariff adjustments. Many countries may look to build new trade partnerships and strengthen infrastructure for critical goods. Overall, markets are likely to remain volatile.
- Contributed by
- Ashok bhandari : INH000019549
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- Sunlite Recycling Industries : Co. has launched a new value-added product, Annealed Tinned Coated Copper, on April 14, 2025.
- This copper product is aimed at the domestic market and is part of the company's forward integration strategy.
- DEEPAK FERTILISERS : Mr. Mukul Kumar Agrawal, President -Manufacturing [Cluster I & NPD] and Senior Management Personnel of the Company has tendered his resignation owing to personal reasons.
- His last working day is 14th April, 2025.
- STRONG OPENING IN U.S MARKET, DOWN UP 500 PTS
- China’s President Xi calls on China and Vietnam to jointly oppose unilateral bullying - Xinhua.
- Leaders of China and Vietnam should exchange visits frequently like relatives.
- China's market is always open to Vietnam
- China and Vietnam sign MOUs, including on AI and agricultural trade
- China and Vietnam signed 45 bilateral cooperation documents - Xinhua.
- Goldman Sachs CEO says recession odds have increased.
- NIBE ; Subsidiary Nibe Space Private Limited, has received IN-SPACe registration to operate as a 'Data Disseminator' for Earth Observation (EO) data with Ground Sampling Distance over 30 cm within Indian territory.
- The registration enables the company to distribute EO data in compliance with national regulations.
- The signing ceremony took place on April 8, 2025, in the presence of Nibe Space Director Mr. Dnyaneshwar Nibe and IN-SPACe Director Mr. PK Jain.
- This milestone supports Nibe’s role in India’s space sector and reflects its commitment to providing high-quality EO data and geospatial intelligence.
- NVIDIA to Manufacture American-Made AI Supercomputers in US for First Time
- NVIDIA Blackwell chip production starts in Arizona — NVIDIA opens first US factories
- NVIDIA has begun producing Blackwell chips at TSMC’s Arizona plants and is building supercomputer factories with Foxconn in Houston and Wistron in Dallas.
- Mass production is expected within 12–15 months. It is also partnering with Amkor and SPIL for packaging and testing in Arizona.
- Over the next four years, NVIDIA aims to produce up to $500 billion in AI infrastructure in the U.S., strengthening its supply chain with global partners.
- TRUMP: MARKETS VERY STRONG ONCE THEY GOT USED TO TARIFFS
- Global Smartphone Market Grows 3% in Q1 2025 But Future Uncertain; Apple Takes #1 Spot in Q1 For First Time - Counterpoint
- The global smartphone market continued its growth trajectory in Q1 2025. Smartphone sell-through grew 3% YoY during the quarter, driven by growth in emerging markets and a subsidy-led demand boost in China.
- Helped by the iPhone 16e launch and continued expansion in emerging markets, Apple took the #1 spot in Q1 2025, its first ever for the first quarter, with a 19% share. Strong sales growth in markets like Japan and India helped.
- The global smartphone market is likely to show a decline in 2025, as rising economic uncertainties caused by tariffs are likely to hurt consumer demand across markets, especially in the US. Consequently, we have revised our full-year forecast and now expect volumes to decline slightly YoY in 2025.
- Apple topped Q1 2025, boosted by the iPhone 16e launch and strong growth in Japan, India, MEA, and Southeast Asia, despite flat or declining sales in the US, Europe, and China - Counterpoint
- Samsung came second with 18% share, rebounding in March after the late S25 and A-series launches, with rising "Ultra" model sales.
- Xiaomi gained market share with strong domestic growth and a premium brand boost from its EV success. Vivo became the fastest-growing top-five brand, rising to #4 due to strong performance in China and emerging markets.
- OPPO ranked #5, growing in India, Latin America, and Europe. Outside the top five, HONOR, Huawei, and Motorola saw strong global growth, with Huawei leading in China.
- After a dip in 2023, the market rebounded with better macro conditions. However, trade risks and supply chain issues may impact growth. Despite steady demand for smartphones and rising trends like GenAI and foldables, a market decline is expected in 2025.
- IDFC FIRST BANK ; BOARD MEET ON 17 APRIL TO CONSIDER FUND RAISING VIA ELGIBLE SECURITIES ON PREFERENTIAL BASIS
- ADANI PORTS ; BOARD MEET ON 17 APRIL TO CONSIDER FUND RAISING VIA EQUITY SHARES
- Trump: We will do tariffs on imported pharmaceuticals.
- We don't make our own drugs, All I have to do is impose a tariff.
- Pharmaceutical tariffs is in not too distant future.
- Trump: I'm looking to help car companies. Car companies need a little bit of time.
- I'm a very flexible person.