Nifty 50 to Open Sharply Higher Today Amid Nasdaq Surge and Gift Nifty’s 200+ Point Rally
Nifty 50 is likely to start strong on April 23 as Gift Nifty surges over 200 points and Nasdaq jumps 2.7%, pointing to tech-driven bullishness across global markets.
Key Highlights:
Nifty 50 is poised to open with a sharp gap-up on Tuesday, April 23, following robust global momentum. Gift Nifty futures surged 201 points to 24,378 in early trade, signaling a strong start for Indian equities. The surge comes after Nasdaq Composite skyrocketed 429 points (+2.71%) overnight, riding gains in Apple, Nvidia, Tesla, and Meta.
Gift Nifty Surges Ahead of Market Open
As of 6:36 AM IST, Gift Nifty was trading at 24,378, up by +201 points or 0.83%, indicating a bullish start for Nifty 50. This aligns with the trend seen across global indices, particularly the tech-heavy Nasdaq, which often drives Indian IT and banking counters.
Global Cues Strongly Support Market Sentiment
- Nasdaq Composite: +429 points (+2.71%)
- Dow Jones Futures: In the green pre-Asia
- S&P 500 Futures: Firm above 5,360
- Asian Markets Today: Expected to open higher following Wall Street
Nifty 50 Technical Levels to Watch
- Opening Range (Expected): 24,200 – 24,320
- Resistance Levels: 24,380 / 24,440
- Support Levels: 24,180 / 24,100
- 200-DMA (Trend Guide): 21,715
The 24,400 level will be key as it nears lifetime highs, and any breakout above it may trigger fresh buying.
What This Means for You
If you’re a trader, today is a day to watch for gap-up opportunities with momentum likely in:
- IT stocks (Infosys, TCS, Tech Mahindra)
- Private banks (Axis Bank, ICICI Bank)
- High-beta stocks like Adani Enterprises, Tata Motors
Investors should look for sector rotation cues, especially in midcaps.
How to Take Action
- Use the opening hour to ride momentum trades, but with proper stop-loss
- Watch for profit booking near 24,400
- Avoid aggressive shorting unless price rejection is seen at the highs
- Keep an eye on US earnings and crude oil movements intraday
Who Will Be Affected Today
- Day Traders: High-volatility setups expected
- Swing Traders: Trend continuation possible
- FIIs & DIIs: Likely to respond to strong global inflows
- IT & Banking Sector: To lead the rally
Final Market Outlook for April 23, 2025
With Gift Nifty up over 200 points, Nasdaq rallying, and no negative geopolitical cues overnight, Nifty 50 is likely to extend its bullish momentum. However, volatility may spike post 10:30 AM, especially with earnings season heating up and expiry week underway.
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