Nifty Weekly Wrap – 3rd Week of April ’25

📉📈 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.