📉📈 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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Blogs : substack.com/@kzatakia
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.