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Date: 17-apr-2025
The Nifty 50 index is trading at 23,430.10 as of 9:45 AM, reflecting a slight dip of 0.03% but maintaining strength above key psychological support levels. Despite opening slightly lower, the index is holding firm within a tight range after a sharp recovery in recent sessions.
The recent green candles indicate sustained buying following a major dip seen in early April. If Nifty breaks above the resistance near ₹23,950, a fresh rally toward ₹24,200–₹24,600 could be triggered. On the downside, a breach below ₹23,200 may lead to short-term weakness.
Traders remain cautious ahead of key earnings from heavyweight IT and financial stocks. Additionally, concerns over global tariff tensions and foreign institutional activity continue to influence investor sentiment.
However, the current consolidation after a sharp bounce suggests that bulls are regaining control, provided volumes continue to support the trend.
Short-term sentiment remains neutral-to-positive with a bullish bias if the index sustains above ₹23,400. Momentum traders are watching for a clean breakout above ₹23,950 for confirmation of upside continuation.
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Date: 17-Apr-2025
While Japan recorded its sixth straight month of export growth, rising U.S. tariffs under President Trump are sparking concern among economists and the Bank of Japan.
Date: 17-Apr-2025
While Japan recorded its sixth straight month of export growth, rising U.S. tariffs under President Trump are sparking concern among economists and the Bank of Japan.
