Nifty Market recap and Prediction for tomorrow.
The stock market runs on emotions and money, and global investors are eyeing Trump’s upcoming tariff announcements. Amid this uncertainty, Nifty and Sensex remained range-bound today. Let’s dive into the market recap, technical analysis, and predictions for tomorrow’s trading session.
📊 Market Recap (April 2, 2025)
Nifty Movement:
- Opening: 23,192
- Closing: 23,332
- High: 23,350 | Low: 23,158
Range-bound action: Nifty traded between 23,250-23,300 for most of the session.
📌 Key Market Sentiment:
- Traders cautious ahead of Trump’s tariff decision.
- Lack of momentum kept indices in a tight range.
🔥 Top Market Movers (Nifty 50)
- Top Gainers:
TATA Consumer +6.66%
Titan +3.86% - Top Losers:
BEL -3.37%
📊 Market Breadth:
- Advancing Stocks: 28
- Declining Stocks: 10
- Flat Stocks: 12 (Changes less than 0.25%)
📊 Technical Analysis: Bulls vs. Bears
📌 Price Action:
- Daily Chart: Inside Candle formation suggests a potential breakout from today’s high or low.
- Hourly Chart: Nifty broke the 23,200-23,300 range at the end of the session, signaling possible bullish interest.
- Major trading range – 23,150 – 23,550.
📉 Indicators:
- RSI (14) – Daily: 56, showing low momentum & resistance ahead.
- MACD: Turning bullish, suggesting potential upside.
- Hourly RSI (14): 46, indicating a possible breakout or pullback.
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📈 Open Interest (OI) Analysis: What’s Data Says!
🔍 Key OI Data:
- Support: 23,200 PE (1.19 Cr OI) → Strong buying interest.
- Resistance: 23,400 CE (83 Lakh OI) → Selling pressure present.
- Key breakout/breakdown zone: 23,300 – CE (1.19 Cr OI) vs PE (96.7 Lakh OI)
📊 OI Buildup Trends:
Nifty , Bank Nifty and Fin nifty all three major Indices on NSE have shown Short Covering. Buildup. Short covering indicates potential bullish momentum.
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📌 Market Prediction for April 3, 2025
📉 Expectations Based on Data:
- April’s first weekly expiry usually favors bulls – but not always.
- Key Resistance: 23,500 psychological level – a breakout could drive further upside.
- Technical & OI data suggest bullish momentum, but Trump’s tariff policy could bring volatility.
- Key Support: 23,200 – if broken, expect a retest of 23,000 or lower.
💬 What’s your prediction for tomorrow’s market? Drop a comment below! 👇
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🎯 Key Learning from Today’s Market
- Large opening candles often lead to range-bound sessions unless a key level is broken.
- Caution is advised ahead of major economic announcements.
💬 What’s your prediction for tomorrow’s market? Drop a comment below! 👇
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💬 Share your thoughts on tomorrow’s market in the comments below! Let’s discuss. ⬇️📢