Market Prediction for 15 April 2025

Nifty Prediction

NIFTY closed strongly today (1.9%), driven by a broadbased rally and stellar performance in Metals stocks (NIFTY METALS was up 4%). The investor sentiment was boosted by US government’s announcement of a 90 day suspension of additional tariffs. All sectoral indices ended in the green, reflecting renewed investor confidence across various industries. HINDALCO was the top performer (+7%). JSW, TATASTEEL and COALINDIA were up nearly 5%. On the other hand, TCS, APOLLOHOSP & ASIANPAINTS were the top losers. 

Nifty 50 Surges Amid Tariff Reprieve

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Despite the boost to investor confidence, ongoing global trade tensions continue to pose risks. For NIFTY, breaching the 22800 level and closing above the falling trend channel indicate a bullish trend shift. RSI, too, remains supportive of buying. Near term support and resistance levels are 22327/22016 and 23330/23641.

Bank Nifty Prediction 

BANK NIFTY gained 1.52% to close above 51000. This was driven by a broadbased rally including KOTAKBANK (2.8%) and HDFCBANK (2.3%).  While all the constituents were in the green, FEDERALBANK lagged.  Broad-based buying was evident, though gains were less dramatic than some other sectors. Overall, a healthy positive session for the index.  The index has closed above the medium term trend lines. Also, RSI remains in in a favorable zone. Near term support and resistance levels are 49892/50316 and 51688/52113.

SENSEX Prediction 

SENSEX gained 0.72% and outperformed NIFTY marginally. HINDALCO (6%), JSWSTEEL (5%) & RELIANCE (2.8%) were the best performers. TCS (-0.5%), ASIANPAINTS (-0.9%) and APOLLOHOSP (-0.7%) lost. Needless to say, ADR was extremely bullish. Near term support and resistance levels are 73431/72362 and 76884/77952.

FINNIFTY Prediction 

FINNIFTY was up 1.75% and closed better than BANK NIFTY. HDFCAMC & JIOFIN were the key gainers. Gold financiers tumbled on new guidelines despite RBI clarifications to the contrary. MUTHOOTFIN tumbled 5% as RBI tightened gold loan norms. ICICIPRULI and ICICIGI also fell sharply (3-4%). 

Intraday levels  for Nifty, Bank Nifty, SENSEX and  FINNIFTY Levels: