Pre-Market Report: Nifty 50 Outlook for April 15, 2025
Market Snapshot (as of April 14, 2025):
- Nifty 50 Previous Close: 22,828.55 (+1.92% on April 11).
- Sensex Previous Close: 75,157.26 (+1.77% on April 11).
- GIFT Nifty Futures: Up 356 points at 23,305 — indicating a strong gap-up opening.
Global and Domestic Catalysts:
Positive Factors:
-
U.S. Tariff Relief:
- The U.S. has suspended reciprocal tariffs on Indian goods for 90 days, signaling easing trade tensions. Exemptions on smartphones, electronics, and auto parts boosted optimism in tech and auto sectors.
- U.S. Markets rallied:
- Dow Jones: +0.78%
- S&P 500: +0.79%
- Nasdaq: +0.64%
-
RBI’s Accommodative Stance:
- RBI recently cut the repo rate by 25 bps to 6%, its first move in 12 months.
- Market anticipates up to 100 bps of additional cuts in 2025, driving positive sentiment in rate-sensitive sectors like banks, autos, and real estate.
-
Firm Asian Market Cues:
- Nikkei: +1.14%
- ASX 200: +0.46%
- Hang Seng: +0.36%
- Shanghai Composite: marginally negative at -0.06%
Headwinds to Watch:
-
Semiconductor Tariff Concerns:
- Former U.S. President Trump may announce new tariffs on imported semiconductors, a move that could impact global IT and hardware supply chains.
- Retaliatory tariffs by China (reportedly up to 145%) loom over tech and export-heavy sectors.
-
Spike in Volatility:
- The India VIX surged 46% last week, reflecting heightened investor nervousness despite bullish momentum.
Institutional Flow/Outgo (April 11, 2025):
- DIIs: Net buyers of ₹3,759.27 crore — indicating strong domestic support.
- FIIs: Net sellers of ₹2,519.03 crore — likely booking profits amid global uncertainty.
Technical Analysis:
Nifty 50 – Key Levels:
- Immediate Resistance:
- 23,000–23,050: Psychological barrier, also aligned with 20-DEMA and call writing zones
- Next Resistance:
- 23,300–23,500: Zone of convergence of 100-DEMA and 200-DEMA
- Critical Support:
- 22,700–22,800: Strong put writing and 50% Fibonacci retracement
- Deeper Support:
- 22,500–22,300: March lows, strong technical cushion
Bank Nifty Outlook:
- Previous Close: 50,887.75 (+2.11%)
- Resistance:
- 51,500–52,000: Bullish continuation zone above 50-DEMA
- Support:
- 50,000–49,750: Strong base near psychological mark and 20-DEMA
Market Outlook Summary
The Nifty 50 is set to open on a strong note above 23,000, buoyed by policy support, tariff relief, and global cues.
DII inflows of ₹3,759 crore on April 11 show solid domestic conviction, while FII selling and elevated VIX inject a dose of caution.
If bulls manage to hold above 23,050, a test of 23,300–23,500 remains likely.
Conversely, a fall below 22,800 could attract profit-booking.
Stay tuned for intraday updates and sectoral picks post-opening bell.
