Nifty 50, Sensex Today: What to expect from the Indian stock market in the trade on April 21 | Einsmark news

Indian stock market criteria, Sensex and Nifty 50, are likely to open lower on Monday amid poor global market directions. The tendencies on gift Nifty also indicate a negative start to the Indian measure index. The Gift Nifty traded about 23,800 level, a discount of nearly 51 points from the Nifty Futures’ previous closure. Investors will focus on the most important stock market triggers, including the next set of Q4 results, US tariff policies, derivatives that expire this week, US Iran trading conversations, Russia-Ukraine fraudsters, gold prices and dollar trends, and other key events. The Indian stock market was closed on Friday, April 18 due to Good Friday. The domestic market ended on Thursday with strong profits, with the Niftig 50 closing above 23,800 level. The Sensex closed 1,508,91 points, or 1.96%, at 78,553,20, while the Nifty scored 50 414.45 points, or 1.77%, higher at 23,851,65. Here’s what to expect from Sensex, Nifty 50 and Bank Nifty Today: Sensex Today jumped more than 1,500 points last week to close above the 78,500 level and form a bullish candle on the weekly maps. “We believe that the short-term market texture is bullish; due to temporary circumstances, we can see a series-bound activities in the near future. For traders, senex levels of 77,400 and 76,900 would act as important support zones, while resistance areas for the Bulls can be found between 79,000 and 79.600,” says Amol Atawale, VP-Technical Research, ” However, Kotak Securities. Determination is completely withdrawn in 7 days of Upmove). The unfilled weekly opening kloof can be considered a bullish getaway gap, which is formed more frequently at the beginning of sharp trends. “The next upward levels to be watched are about 24,550 (61.8% withdrawal from September 24 to April 25). Immediate support is placed at 23,600 levels,” says Shetti. To Mehra, technical research analyst, Samco Securities, said that the Nifty 50 index buys a strong follow-up, which forms a robust bullish candle on the daily map with a large body and a small lower fuse, reflecting the upward momentum. “By surpassing the previous resistance of 23.870, Nifty has shown 50 renewed power and resilience, suggesting that the current bullish undertone may continue in the short term. The index is trading comfortably above all short-term moving averages and now approaches the 200-day simple moving average, placed about 24,050, which occurs as the next key. AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrediates Ltd, Nifty 50 formed a strong bullish candle on the daily and weekly maps, indicating underlying strength. average (200-DSMA). ‘ A decisive move above it can open the door for a further boom in the direction of 24.200. 52.800 crossed and formed a large bullish candle on both daily and weekly maps, underlie the power. The outbreak zone of 52,800 now serves as immediate support for banking, and as long as this level is maintained, the index can be a adjusted from 54,500 to 55,000. About Dips’ strategy, “says Hishikesh Yedve. Om Mehra said the bank Nifty still shows strong bullish undertones and the index is now trading comfortably above all major moving averages and exceeded its previous resistance of 53,670 decisively, which is expected to act as immediate support in the near term. The positive prospects are further reinforced by the parallel upward movement in the Nifty Private Bank and Nifty PSU Bank indexes, suggesting that the trend may continue, “Mehra said. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, and not of Mint. take.