NIFTY Energy

Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will remain closed on April 14 on account of Dr. Baba Saheb Ambedkar Jayanti.

Trading in equities, equity derivatives, securities lending and borrowing (SLBs), currency derivatives, and interest rate derivatives will remain shut for the day on both the BSE and the NSE.

The commodity derivatives segment will remain closed for the morning session (9:00 am to 5:00 pm), while it will remain open for the evening session (5:00 pm to 11:30/11:55 pm).

Trading on the NSE and the BSE will resume on April 15 (Wednesday).

After a strong rebound in the previous session, the Indian equity market came under pressure on April 13, after the recent talks between the US and Iran failed without a deal.

At close, the Sensex was down 702.68 points or 0.91 percent at 76,847.57, and the Nifty was down 207.95 points or 0.86 percent at 23,842.65.

Among sectors, except power, defence, telecom, all other sectors ended in the red with FMCG, auto, IT, energy, oil &amp;amp; gas down 1% each.

HDFC Life, Adani Enterprises, ICICI Bank, NTPC, Tata Motors Passenger Vehicles were among top gainers on the Nifty, while losers included Maruti Suzuki, Eicher Motors, Reliance Industries, Bajaj Finance, Interglobe Aviation.

Broader indices declined but outperformed the benchmark indices, with the Nifty Midcap and Smallcap indices falling 0.5% each.

&quot;The sharp bounce back of the last 6 sessions seems to have halted on Monday on the backdrop of failure of Peace Talk between US and Iran and Nifty declined and closed the day lower by 207 points amidst recovery. After the sharp gap down opening of 460 points, the market shifted into a sustainable recovery from the lows and that continued in the mid-to- later part of the session. The opening downside gap has almost been filled (left with small margin) and Nifty closed at the highs,&quot; said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.

&quot;A long green candle was formed on the daily chart at the lows, which indicates a formation of counter attack of bull type pattern. After the series of bearish lower tops and bottoms formations in the recent past, Nifty registering a new higher low at 23555 on Monday could be a sigh of relief for bulls to sustain the recent bounce back.&quot;

&quot;The weakness of Monday has not damaged the underlying near-term uptrend status of the market. Nifty is now placed at the crucial support of 23500 levels and one may expect further upside in the near term. Immediate resistance is at 24100,&quot; he added.

On Monday, the Indian rupee ended 65 paise lower at 93.38 per dollar on Monday versus Friday’s close of 92.73.

&quot;The Indian rupee extended its losing streak to three sessions, recording its deepest drop in a fortnight. The downward pressure stems from a spike in crude oil prices after President Trump ordered a blockade of the Strait of Hormuz. All eyes are on the 10:00 AM EST window for potential US Military movement following failed diplomatic talks. Meanwhile, local sentiment is cautious as investors await India's CPI data before Tuesday’s holiday,&quot; said Dilip Parmar, Research Analyst, HDFC Securities.

&quot;Technically, the USDINR pair is trading between a support level of 92.70 and resistance at 93.65,&quot; he added.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Stock market holiday today: BSE, NSE to remain shut on account of Ambedkar Jayanti

Things turn favourable for long-term investor in terms of valuations for actively managed portfolio, See large opportunities in overall financial services sector, Overweight on power generators, power-focused EPC contractors, specialised power finance companies

* Things turn favourable for long-term investor in terms of valuations for actively managed portfolio
* See large opportunities in overall financial services sector
* Overweight on power generators, power-focused EPC contractors, specialised power finance companies

shorts/business/daily-voice-where-to-invest-as-us-iran-tensions-cloud-markets-vikas-gupta-s-top-sector-bets

Vikas Gupta, the CEO and Chief Investment Strategist at OmniScience Capital sees large opportunities in the overall financial services sector, which is nearly 31 percent of Nifty 500.

Within this space, he likes as well as overweight on PSU and private banks, small banks, housing finance companies, and diversified financial services firms.

He is also overweight on power generators, some equipment manufacturers, power-focused EPC contractors and specialised power finance companies.

What is your assessment of the US–Iran talks?

There is a literally a large “gulf” between the demands from the US and Iran. US wants Iran to become a non-nuclear entity giving up its enriched uranium, while Iran is aiming to become a de facto nuclear power with large quantities of enriched uranium already in its custody. US wants free movement in the Strait of Hormuz while Iran wants to establish control and collect revenues from it.

Given these and other points on which their stances are diametrically opposite, an early resolution looks difficult. This could mean that each side is trying to buy some time and the war could start again.

Also, keep in mind that supply disruption of oil and gas could help US, given that it has potential excess capacity for both oil and gas. At high oil prices shale becomes profitable. So the current situation is not very negative for US energy producers. To summarize, it doesn’t look like US has urgency to stop the war completely.

Which country is likely to emerge as the clear winner in this Middle East conflict? Do you think the stakeholders have achieved their objectives?

It is difficult to name a clear winner. As mentioned above the US benefits on the energy exports front. However, overall global supply chain disruption doesn’t help. It also encourages exports of Russian oil and gas and payments to Russia in non-USD currencies. This encourages overall trade settlement in non-USD currencies which is negative for the USD in the long-term.

The middle-eastern countries, including Israel, Saudi Arabia, Qatar etc. and Iran are all facing physical destruction which doesn’t help any of them. Overall, no one seems to be a clear winner, rather everyone is a loser to some extent. Also, no…

Do you believe the markets have already priced in the worst of the conflict, considering the recenty sharp recovery? If so, do you expect comfortable double-digit returns in the current year?

It is too early to say that anyone even knows what is the “worst of the conflict”. One scenario could be that there is restart at a large scale for a few weeks after the ceasefire date is over. Another scenario is that the war continues at a low pace for a long time.

A third scenario is that all sides just become quiet for sometime and get back to their regular routines. However, that would mean that there is de facto control of the Strait of Hormuz with the Iranians and they would likely continue charging transit fees to neutral countries and not allow the transit …

Do you think valuations are now reasonable, despite the persistence of near-term volatility?

There are large pockets of companies available below their estimated intrinsic values. From a 3-5-year perspective the economy and companies will either adjust to a long-drawn war and its impact on prices and supplies or the war ends and things go back to normal.

In either case, from a long-term perspective things are favourable for a long-term investor in terms of valuations for an actively managed portfolio.

Which sectors are likely to emerge as clear winners following this conflict-driven correction and the subsequent recovery?

Our Scientific Investing Framework is seeing large opportunities in the overall Financial Services sector, which is nearly 36 percent of Nifty 50 and 31 percent of Nifty 500. Within this sector there are several sub-sectors which are quite diversified in terms of their drivers. What we like within this, and are overweight on, are PSU and Private Banks, small banks, housing finance companies, diversified financial services firms etc.

We also like, and are overweight on, power generators, some equipment manufacturers, power-focused EPC contractors and specialized power finance companies.

If the West Asia situation stabilises, do you expect strong FII inflows into Asian markets, including India?

Yes, the situation stabilizing would be very conducive to strong FPI inflows, since it makes macros very favourable for Asia, in general, and India in particular. Also, now the valuations are also relatively cheaper and that should attract the FPIs to re-enter India.

What is the likely roadmap for interest rate decisions by the RBI and the Federal Reserve going forward?

If the West Asia situation stabilizes, resulting in lower oil prices and uninterrupted supply of gas, both the Federal Reserve and RBI are likely to revert to their earlier stance of waiting for the inflation cool down becoming visible in the reported numbers and then become biased towards rate cuts to support growth.

However, if the oil prices remain high and/or supplies remain disrupted then chances of inflation remain high and both the central banks will be biased towards rate hikes.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Daily Voice: Where to invest as US-Iran tensions cloud markets; Vikas Gupta’s top sector bets

Sensex, Nifty end 1% lower after volatile session., US-Iran tensions lifted crude prices, roiling markets., Nifty found support at 23,650; resistance seen at 23,980.

* Sensex, Nifty end 1% lower after volatile session.
* US-Iran tensions lifted crude prices, roiling markets.
* Nifty found support at 23,650; resistance seen at 23,980.

Sensex and Nifty fell nearly 1% amid volatile trading, driven by concerns over US-Iran tensions and rising crude prices. Nifty recovered from intraday lows, with analysts highlighting key support and resistance levels. Broader indices also saw selective buying.

shorts/business/23-650-seen-as-key-support-as-nifty-slips-below-23-850-analysts-recommend-key-levels

The equity benchmark indices Sensex and Nifty settled nearly 1 percent lower in a volatile session on Monday, as the failure of US-Iran negotiations raised concerns of a prolonged conflict and pushed crude oil prices higher.

The Sensex declined 702.68 points or 0.91 percent to settle at 76,847.57. During the day, it had plunged 1,681.93 points or 2.16 per cent to 75,868.32.

The Nifty opened sharply lower but recovered gradually on buying in heavyweight stocks across sectors. It ended 207.95 points or 0.86 percent down at 23,842.65.

Analysts said the 23,650 level is seen as a key support for the Nifty after it slipped below the 23,850 mark.

Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities, said the 23,950–23,980 zone is likely to act as a key resistance. &quot;A sustained move above 23,980 could extend the pullback rally towards 24,100, followed by 24,230 in the short term. On the downside, 23,700–23,650 will serve as an immediate support zone for the index,&quot; he said.

Broader market indices, Nifty Midcap 100 and Nifty Smallcap 100, also opened lower in line with the benchmark indices but recovered from intraday lows, indicating selective buying at lower levels.

Ajit Mishra, SVP, Research, Religare Broking Ltd, said the Nifty tested its crucial support at the short-term moving average near 23,500 and managed to recover. &quot;Sustaining above this level is important for any further rebound; otherwise, the bias may turn negative to sideways. Traders are advised to remain cautious, focus on stock-specific opportunities based on relative strength, and adopt a hedged approach,&quot; he added.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

23,650 seen as key support as Nifty slips below 23,850; analysts recommend key levels

Weekly options data indicates that Nifty 50 to remain in broad range of 23,500–24,500 in short term, Sustaining VIX below 20 level is necessary for bulls to regain comfort, Decisive move above 24,000 could trigger short covering, potentially driving index towards 24,200–24,400 zone

* Weekly options data indicates that Nifty 50 to remain in broad range of 23,500–24,500 in short term
* Sustaining VIX below 20 level is necessary for bulls to regain comfort
* Decisive move above 24,000 could trigger short covering, potentially driving index towards 24,200–24,400 zone

shorts/business/technical-view-trend-remains-positive-as-long-as-nifty-holds-23-500-upmove-toward-50-dema-can-t-be-ruled-out-bank-nifty-eyes-56-000-despite-vix-spike

The Nifty 50 showed a smart recovery after a sharp gap-down opening and closed off the day’s low with a 0.9 percent loss on April 13, marking a negative start to the week following a spike in oil prices. The breakdown of US–Iran peace talks and the announcement of a US naval blockade in the Strait of Hormuz pushed Brent crude prices above $100 a barrel. Despite this, the technical setup remains healthy, with the Nifty 50 holding above the 10- and 20-day EMAs, both of which are maintaining an upward trajectory, though it still sustains below medium- and long-term moving averages.

The index also defended 23,780 (the 38.2 percent Fibonacci retracement of the fall from the February high to the April low). The MACD inclined upward toward the zero line with further expansion in the red bar on the histogram, while the RSI stayed well above the signal line. All this indicates a mixed but cautiously positive momentum.

According to experts, as long as the Nifty 50 defends the 23,550–23,500 zone (20- and 10-day EMAs), a gradual upmove toward 24,000–24,100, followed by 24,200–24,300, can’t be ruled out in the upcoming sessions. However, a decisive fall below this zone could open room for renewed selling pressure.

The benchmark Nifty 50 opened 461 points lower on Monday, the weekly F&amp;amp;O expiry session, and corrected up to 23,556 but could not sustain there for long. It finished off the day’s low at 23,843, down 208 points (0.86 percent).

A long green candle was formed on the daily chart at the lows, indicating a counterattack-type bullish pattern. After a series of bearish lower top and bottom formations in the recent past, the Nifty registering a new higher low at 23,555 could be a sigh of relief for bulls to sustain the recent bounce-back.

According to Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, Monday’s weakness has not damaged the underlying near-term uptrend status of the market.

&quot;Nifty is now placed at the crucial support of 23,500 levels, and one may expect further upside in the near term. Immediate resistance is at 24,100,&quot; he said.

Nilesh Jain, VP – Head of Technical and Derivative Research at Centrum Finverse, also believes the broader structure remains positive, supporting a buy-on-decline strategy as long as the index holds above 23,270.

A decisive move above 24,000 could trigger short covering, potentially driving the index towards the 24,200–24,400 zone, he said.

The weekly options data indicates that the Nifty 50 is expected to remain in a broad range of 23,500–24,500 in the short term. The maximum Call open interest was seen at the 24,500 strike, followed by the 24,000 and 24,300 strikes, while the 23,500 strike holds the maximum Put open interest, followed by the 23,800 and 23,700 strikes.

The maximum Call writing was observed at the 24,500, 24,000, and 23,900 strikes, while the 23,800, 23,500, and 23,700 strikes saw maximum Put writing.

Meanwhile, the India VIX, the fear index, rebounded 8.75 percent to move above the 20 zone at 20.5 and stayed above medium- and long-term moving averages, signalling discomfort for bulls. Sustaining below the 20 level is necessary for bulls to regain comfort.

The market will remain shut on April 14 for Dr. Baba Saheb Ambedkar Jayanti.

Bank Nifty

The banking index also opened sharply lower and dropped well below the 55,000 zone but immediately started recouping losses as the day progressed. The Bank Nifty trimmed nearly 1,250 points of losses before closing at 55,605, down 308 points (0.55 percent).

On the daily charts, the index formed a long green candle after defending not only the 20-day EMA (54,450) but also the previous day’s low. Despite the correction, the index sustained above the 10- and 20-day EMAs, with both moving averages heading north. Further, the medium- and long-term moving averages have started flattening out after heading south during the recent sharp correction.

The RSI sustained well above the signal line and the 50 zone, while the gap between the MACD and signal line has been widening, reflected in the rising green bar on the histogram. All this indicates strengthening bullish momentum.

&quot;Looking ahead, the 55,900–56,000 zone is expected to act as a key resistance area. A sustained move above 56,000 could extend the pullback rally towards 56,500, followed by 57,200 in the short term,&quot; said Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities.

On the downside, the 55,100–55,000 zone will remain a crucial support for the index, he added.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Technical View: Trend remains positive as long as Nifty holds 23,500; upmove toward 50-DEMA can't be ruled out; Bank Nifty eyes 56,000 despite VIX spike

Sensex sinks 702, Nifty down 208 on US-Iran tensions, Most sectors ended in red; power, defence, telecom gained, Over 120 BSE stocks hit 52-week highs despite market decline

* Sensex sinks 702, Nifty down 208 on US-Iran tensions
* Most sectors ended in red; power, defence, telecom gained
* Over 120 BSE stocks hit 52-week highs despite market decline

Indian markets fell on April 13 as US-Iran talks failed and crude prices surged. Sensex dropped 702 points, Nifty 208 points. Most sectors declined, except power, defence, telecom. Puravankara and Enviro Infra surged, Jyoti CNC fell 14% amid export probe.

shorts/business/taking-stock-market-falls-on-geopolitical-jitters-nifty-below-23-900-sensex-slips-703-pts

After a strong rebound in the previous session, the Indian equity market came under pressure on April 13, after the recent talks between the US and Iran failed without a deal.

Renewed geopolitical concerns and sharp jump in crude oil prices triggered a gap-down opening, dragging Nifty below 23600, but witnessed a mild recovery during the session to close above 23800 level.

At close, the Sensex was down 702.68 points or 0.91 percent at 76,847.57, and the Nifty was down 207.95 points or 0.86 percent at 23,842.65.

The market will remain shut on April 14 (Tuesday) on account of Dr. Baba Saheb Ambedkar Jayanti.

Among sectors, except power, defence, telecom, all other sectors ended in the red with FMCG, auto, IT, energy, oil &amp;amp; gas down 1% each.

HDFC Life, Adani Enterprises, ICICI Bank, NTPC, Tata Motors Passenger Vehicles were among top gainers on the Nifty, while losers included Maruti Suzuki, Eicher Motors, Reliance Industries, Bajaj Finance, Interglobe Aviation.

Also Read - Banks to face funding cost pressure in Q4, margins to remain rangebound

Broader indices declined but outperformed the benchmark indices, with the Nifty Midcap and Smallcap indices falling 0.5% each.

Also Read - Volatility and geopolitical tensions weigh on MTF growth; leveraged bets turn cautious in March but overall trading growth continues

More than 120 stocks touched their 52-week high on the BSE, including Ather Energy, Welspun Corp, Zydus Wellness, MCX India, Adani Power, Sona BLW, Adani Energy, SAIL, Hitachi Energy, Honasa Consumer, among others. Click to View More

Also Read - IPO Action: Two IPOs set to open this week, three listings lined up

In stock-specific action, Puravankara Limited jumped nearly 11% after reporting a sharp 190% rise in Q4 sales, Enviro Infra Engineers surged 12% on securing two projects worth ₹972.2 crore.

On the downside, InterGlobe Aviation declined 2% as crude oil prices climbed above $100 per barrel and Unichem Laboratories Limited fell 1% following a recall of Buspirone Hydrochloride tablets in the US, while Swiggy Limited dropped 3% after co-founder Lakshmi Nandan Reddy Obul resigned as Whole-Time Director.

Meanwhile, AstraZeneca Pharma India Limited advanced over 5% after receiving approval to sell and distribute Acalabrutinib tablets. Dev Accelerator Limited gained 2% on signing an enterprise deal worth ₹110 crore, and Jyoti CNC shares tumbled 14% as French officials look into firm's arm for defying export rules.

Outlook for April 15

Gaurav Udani, Founder - Thincredblu Securities

Nifty witnessed a volatile session, dipping to an intraday low of 23,555 before recovering to close around 23,830, down nearly 220 points. The recovery from lower levels indicates buying interest emerging near support, helping the index trim a significant part of its losses.

Despite the negative close, the ability to bounce back suggests that the downside is being absorbed, keeping the broader structure intact for now.

Technically, the 23,500–23,600 zone remains a crucial support area, which has once again held firm. On the upside, 24,000–24,100 will act as immediate resistance, and the index needs to reclaim this zone for a stronger recovery.

The overall setup points towards a range-bound and volatile market, driven largely by global developments.

Traders should remain cautious, avoid aggressive positions, and focus on reacting to key levels as the market continues to search for direction.

Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities

On Monday, the benchmark index Nifty witnessed a sharp gap down opening, mirroring weak global cues amid escalating geopolitical tensions. Market sentiment was dented after negotiations between the United States and Iran collapsed, further compounded by reports that US President Donald Trump ordered a blockade of Iranian ports, raising concerns over global trade and energy supply disruptions.

Despite the jittery start, the index found support near its 20 day EMA, which acted as a crucial short term support zone. From these lower levels, Nifty gradually staged a steady recovery through the intraday session, indicating buying interest emerging at lower bands. Eventually, the index managed to pare some of its losses and settled at the 23842 mark, ending the day lower by 0.86%. On the daily chart, Nifty formed a sizeable bullish candle, suggesting resilience and a potential attempt to stabilize after the sharp opening decline.

Going ahead, the 23950–23980 zone is likely to act as a key resistance for the index. A sustained move above 23980 could extend the pullback rally towards 24100, followed by 24230 in the short term. On the downside, 23700–23650 will serve as an immediate support zone for the index.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Taking Stock: Market falls on geopolitical jitters; Nifty below 23,850, Sensex slips 703 pts

11 out of 17 years NIFTY ENERGY has given positive returns in April.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	37,510.97	37,826.88	38,316.17	37,021.68	36,705.77	36,216.48	35,900.57
Fibonacci	37,329.27	37,519.30	37,826.88	37,021.68	36,714.10	36,524.07	36,216.48
Camarilla	37,268.86	37,342.67	37,416.48	37,021.68	37,121.24	37,047.43	36,973.62

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