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Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

April 29, 2025

  • Daily Morning Report                     Date: 29.04.2025
  • NIFTY OUTLOOK: 24328.50  FII: Rs. 2474.10 cr  DII: Rs. 2817.64 cr
  • As discussed yesterday, market behaviour was on expected lines. After breaking the resistance at 24130, Nifty rallied up to 24355.
  • A long bullish candle on the daily chart indicates weakening seller pressure and bulls regaining control. If Nifty crosses 24427, it may rally towards 24510–24589. Sustained momentum above these levels may push it to 24673.
  • Despite ignoring Friday’s bearish trend, the index is near previous week’s resistance. If selling pressure emerges, supports lie at 24240–24156. A break below these may drag the Nifty down to 24070–23983.
  • Bank Nifty OUTLOOK:
  • SPOT: 55432.80 PCR: 0.99 Max CE OI at 55500 Max PE OI at 54000
  • On 28th April 2025, Bank Nifty closed at 55432.80, up 1.41% from the previous day. The index moved 995.05 points intraday, hitting a high of 55577.40 and a low of 54582.35.
  • The previous day’s high of 55577.40 and low of 54582.35 can be considered today's resistance and support, respectively.
  • Technical View on Daily Chart:
  • Key technical levels for Bank Nifty are 55700 as resistance and 55100 as support. A breakout above 55700 may take the index to 56300, while a break below 55100 could drag it down to 54150.
  • The RSI for Bank Nifty stands at 70.4, indicating the index is entering the overbought zone (above 70 is overbought, below 30 is oversold).
  • Bank Nifty Day SMA Analysis:
  • Bank Nifty is trading above all 8 SMAs (5, 10, 20, 30, 50, 100, 150, 200-day).
  • It is trading below none.
  • Two bullish candlestick patterns were identified.
  • • Bullish Engulfing
  • • Belt Hold Uptrend
  • Macros:
  • 1. Dollar index @ 98.86
  • 2. Vix @ 25.15
  • 3. Crude @ 64.70
  • 4. Bond @ 4.223
  • Note:
  • U.S. stock futures were largely muted Monday evening after subdued moves on Wall Street, as investors awaited key economic data and Q1 earnings from major companies including Apple, Amazon, and Microsoft. In an interview with CNBC, Secretary Besant mentioned that several countries have offered good tariff proposals. He also stated that all arms of the U.S. government are in contact with China, but it is up to China to de-escalate the situation. This followed Beijing’s denial of any ongoing talks.
  • A Reuters poll on Monday indicated a high risk of a global recession this year, citing weakened business sentiment due to U.S. tariffs.
  • With several key data points, including quarterly GDP, due this week, investors remain cautious and await clarity on U.S.-China tariff developments.
  • Contributed by
  • Ashok bhandari : INH000019549
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Panchkarma