Stock Market Alert: Trading on BSE and NSE is closed on Monday, April 14th due to the celebration of Ambedkar Jayanti. Indian stock market will start this week's trading session from Tuesday, April 15th onward. However, this week, the market will be open only for three days, with another holiday on Friday, April 18th due to Good Friday. That being said, on Tuesday, Nifty 50 is expected to range between 22,700 to 23,1000.
Stock Market Holiday 2025:
Trading in equity, equity derivates, derivatives, commodities, currency and other market-related instruments is closed on Monday, April 14th due to Ambedkar Jayanti which is also called Bhim Jayanti, honouring the birthday of Dr Babasaheb Ambedkar. Further, the market will be closed on April 18th due to Good Friday.
Market Prediction For Tuesday, April 15:
Last week, on April 11th, Sensex closed at 75,157.26, higher by 1310.11 points or 1.77%. While Nifty 50 ended at 22,828.55, higher by 429.40 points or 1.92%. Overall, the weekly performance was down by nearly 1% each.
For April 15th, brokerage Prabhudas Lilladher said, that Nifty witnessed a strong move to close above the 22,800 zone almost filling up the gap, and once again moving out of the descending channel pattern improving the bias and sentiment for further rise in the coming sessions. The index would have a near-term important hurdle near the 50EMA level at the 23,000 zone which needs to be breached decisively can further establish conviction for an upward move in the coming days.
Prabhudas expects the April 15th range for Nifty from 22,700 to 23,100.
On Bank Nifty, Prabhudas said that a decisive breach above the 52,000 zone shall confirm a breakout anticipating for fresh upward move in the coming days. For April 15th, the brokerage expects Bank Nifty to range between 50,500 to 51,700.
Market Weekly Outlook:
Ajit Mishra - SVP, of Research, Religare Broking highlighted that the upcoming holiday-shortened week will remain sensitive to further developments on the U.S.-China tariff front. On the domestic side, the spotlight will also be on corporate earnings, with heavyweights such as Wipro and Infosys from the IT sector, along with private banking majors HDFC Bank and ICICI Bank, scheduled to announce their quarterly results.
On the global front, Puneet Singhania, Director at Master Trust Group said, the upcoming week is set to be volatile for global and Indian markets, as the trade war between China and the US intensified with both countries imposing tariffs on each other causing turmoil in the markets. Domestically the WPI data and Inflation data are set to be released along with Foreign exchange reserves data and Passenger Vehicle Sales data. On global front major macro-economic data of US, UK and China is set to be released.
For the week, Mishra said, Nifty witnessed a smart rebound after breaching its March lows and is now testing its 20-day exponential moving average (DEMA) around the 22,900 mark. A sustained close above this level could open the door for a further rally towards 23,400, where the 100 and 200 DEMA converge. A major hurdle remains at 23,800. On the downside, immediate support lies at 22,300; a break below this could lead to a retest of the recent swing low near 21,700.
Meanwhile, Singhania believes that for Nifty, key supports lie at 22,500 and 22,200, while resistance is seen near 23,050. In this uncertain environment, Nifty remains a sell-on-rise market. Traders should stay cautious and avoid aggressive long positions until volatility subsides and technical strength is confirmed.
Mishra added, Bank Nifty continues to show relative strength, reclaiming key moving averages after a brief dip. Sustaining above the 50,000 level would keep the bullish momentum intact, with potential upside targets at 52,000 and eventually 53,500. Here, Singhania said, key support is now placed at 50,400 which aligns with the 21-day EMA; a breach below this could lead to a decline toward 49,800. On the upside, the psychological resistance of 52,000 remains a major hurdle. Until this level is crossed decisively, further upside momentum is unlikely. The overall view remains cautious, and traders are advised to stay alert with key levels in focus.
Investment Strategy:
To investors, Mishra said, Given the prevailing uncertainty and sharp swings, traders and investors are advised to adopt a hedged approach until we see further cool-off in the volatility index, India VIX. Meanwhile, selective stock-picking opportunities continue to emerge, particularly in the banking and financial space. Investors may also consider quality names from other sectors on dips.
Choice Broking said, Market volatility eased as India VIX dropped 6.17% to 20.1075, signaling a reduction in fear after a recent spike. Open Interest (OI) data shows heavy call writing at 23,000 and 23,200 levels, indicating stiff supply and potential resistance zones. On the other hand, strong put writing at 22,500 suggests a solid support base. This setup indicates that while bulls currently hold momentum, there is a high probability of intraday volatility and profit booking near resistance levels. Traders should stay cautious near upper bands and look for dips toward support for potential entries.
Disclaimer: The recommendations made above are by market analysts and are not advised by either the author nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.
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