stock market news today live updates : April 16,2025

The Nifty is experiencing a short- to medium-term downward trend, as seen by lower tops and lower bottoms between 24,200 and 22,000 levels.

Today’s stock market: Following a robust two-day relief rally, the domestic benchmark indices, the Sensex and Nifty, began lower on Wednesday as investors sought more lucid indications regarding developments in international trade.

Around 9:19 a.m., the Nifty50 down 51 points, or 0.22%, to 23,278 while the BSE Sensex fell 128 points, or 0.17%, to 76,606.

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“The 100 DMA near 23390 seemed to limit upswings, therefore momentum was lacking during the day despite yesterday’s huge gap up beginning. Today’s pullback move is set up by this. But,given that VIX has dropped significantly,there is still a good chance of a new upswing and a break of the 23390 provided declines are maintained above 23080–22975. According to Anand James,Chief Market Strategist at Geojit Investments Limited,this keeps 24000 as an ambitious goal.

What will happen to the Indian stock market next?

The benchmark indices staged a relief bounce, achieving a 6.3% gain and suggesting a possible short-term halt following five months of fall. The index has been consolidating within a wide range of 23,800 to 22,000 since January, which reflects increased volatility around its main support zone.

Expecting a range-bound to slightly positive trend between 24,200 and 22,500, we take a cautiously optimistic approach. According to a study by brokerage firm Axis Securities, the upward-sloping monthly trendline provides a strategic window for accumulation by reinforcing the 22,400–22,300 zone as a crucial support region.

The Nifty index may fluctuate between 24,200 and 22,600, according to the anticipated trading range for the next session, reflecting a comparatively broad range of market activity. Similar to this, the brokerage business predicts that the Sensex would move between 80,200 and 74,300.

Important technical levels to monitor for the Sensex to Nifty50 next month :

The Sensex closed at 77,415 last month, up 5.76%. The Sensex and the BSE Midcap were outpaced by the BSE Smallcap, as seen by the indices’ respective gains of 8% and 7%.

Axis Securities stated that the short- to medium-term trend looks neutral to negative from current levels, with the potential that the index would likely consolidate inside the 78,800-72,000 levels. The firm advised investors to use the “buying on dips” strategy. The 70,200–68,300 levels could be the target of selling pressure if the 72,600 support zone is broken. On the other hand, a zone of urgent supply is seen between 78,000 and 79,200.

In the meantime, the Nifty 50 index closed at 23,519 in March 2024, up almost 6%. Nonetheless, the Nifty is experiencing a short- to medium-term downward trend, characterized by lower highs and lower lows between 24,200 and 22,000 levels.

With the potential for the index to correct towards the 21,500–21,300 levels, the short- to medium-term trend seems neutral to negative from current levels. Any breach of the 21,300 support zone could lead to selling pressure in the 21,000–20,600 range. On the other hand,a zone of urgent supply is seen between 23,000 and 23,800,”the brokerage firm continued.

Disclaimer: The sole intention of this story is education. The opinions and suggestions expressed above are not those of bharatbulletin24x7.com,but rather those of individual analysts or broking firms. Before making any financial decisions,we encourage investors to consult with qualified professionals.