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Nifty Today: Gift Nifty Signals Cautious Start Amid Global Optimism; Can Sensex & Nifty Hold Gains?

Mumbai, April 15 (IST):
The Indian stock market resumes trading today after a holiday on April 14 for Ambedkar Jayanti. While global markets posted robust gains on Monday, the Gift Nifty is indicating a mildly negative start, trading at 23,298, down 47.5 points (-0.20%) as of 06:41 AM IST.

The Sensex and Nifty, both of which rallied sharply on April 12, will now look to align with recent global optimism, but may see early profit-booking before stabilizing.


Global Market Summary – April 14

U.S. Markets:

  • Nasdaq Composite: 16,724.46 (+2.06%)
  • S&P 500: 5,158.35 (+1.65%)

Europe:

  • FTSE 100: 8,078.08 (+1.43%)
  • DAX: 20,765.50 (+1.95%)

Asia:

  • Nikkei 225: 34,344.92 (+1.07%)
  • Hang Seng: 21,417.40 (+2.40%)
  • SSE Composite: 3,262.81 (+0.76%)

All global indices ended higher on April 14, suggesting that Indian equities could see bullish spillover, but the dip in Gift Nifty is a signal that traders may book profits or tread cautiously early on.


Nifty & Sensex Forecast – April 15, 2025

Nifty (Last Close – April 12): 23,263.90

  • Expected Opening: Around 23,290 (based on Gift Nifty)
  • Support Levels: 23,250 – 23,180
  • Resistance Levels: 23,350 – 23,420
  • RSI: 64 (still in bullish territory)
  • MACD: Positive divergence
  • Bias: Cautiously bullish

Sensex (Last Close – April 12): 75,157.26

  • Expected Opening: Slightly flat to negative
  • Support Levels: 74,850 – 74,600
  • Resistance Levels: 75,500 – 75,800
  • Bias: Positive, but watch for volatility in large-cap stocks

Sectoral Outlook – April 15

  • IT: Strong showing from Nasdaq should support TCS, Infosys, HCL Tech.
  • Banking: ICICI Bank, HDFC Bank expected to be steady; PSU banks could see mild correction.
  • Energy & Oil: Reliance and ONGC may track global crude and energy sector cues.
  • Auto: Positive cues from Japan could lift Maruti, Tata Motors.
  • Metals: Momentum to continue with Tata Steel and Hindalco as global indices show strength.

Key Market Triggers Today

  • Gift Nifty Dip: May lead to cautious open, followed by sectoral rotation.
  • FIIs Return Post Holiday: Institutional flows will determine market direction after holiday pause.
  • Earnings Calendar: IT and financial Q4 results to drive individual stock moves.
  • Macro Data: Awaited inflation, IIP and trade balance reports may create macro volatility later in the week.

Conclusion

Despite a slight decline in Gift Nifty, Indian equities are entering April 15 on a technically strong foundation. Traders should expect initial volatility, especially if early gains are met with resistance near 23,350 on Nifty.

Overall sentiment remains constructive, but sustained upside will depend on global follow-through and institutional buying.


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