NIFTY GROWSECT 15

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.

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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

Market sees buying at lower levels | Oil prices remain above $100 | EV stocks in green

Sensex and Nifty dropped over 1.5 percent amid US-Iran tensions., Crude oil prices surged, pressuring oil marketing companies., Rupee weakened and India VIX rose, signaling higher volatility.

* Sensex and Nifty dropped over 1.5 percent amid US-Iran tensions.
* Crude oil prices surged, pressuring oil marketing companies.
* Rupee weakened and India VIX rose, signaling higher volatility.

Sensex and Nifty fell sharply as failed US-Iran talks raised conflict fears, pushing crude prices higher. All major indices declined, oil stocks dropped, rupee weakened, and volatility rose, reversing last week’s gains amid global market uncertainty.

shorts/business/sensex-down-1-600-pts-nifty-below-23-600-surging-oil-prices-among-key-factors-behind-market-fall

The equity benchmark indices Sensex and Nifty witnessed a volatile session, settling nearly 1 percent lower on Monday as the failure of US-Iran negotiations heightened concerns of a prolonged conflict and pushed crude oil prices higher.

The Sensex tumbled 702.68 points or 0.91 percent to settle at 76,847.57. During the day, it dived 1,681.93 points or 2.16 percent to 75,868.32.

The Nifty opened sharply lower; however, a gradual recovery in heavyweight stocks across sectors helped trim losses as the session progressed. It settled 207.95 points or 0.86 percent lower to end at 23,842.65.

The sell-off was broad-based, with auto, FMCG, and IT stocks leading the decline, while select pockets within the energy and pharma space showed relative resilience. Broader markets also remained under pressure, with midcap and smallcap indices declining around 0.5% each.

Index heavyweights HDFC Bank and ICICI Bank declined 2.7 percent and 1.7 percent, respectively.

Oil marketing companies were under pressure, with BPCL down 3.6 percent, HPCL falling 4.3 percent and Indian Oil declining 3 percent amid concerns over higher crude prices impacting margins.

Both benchmark indices had rallied around 6 percent last week, marking their strongest weekly gains in more than five years, supported by optimism around a US-Iran ceasefire.
Key factors behind market decline
1) Geopolitical concerns: The US and Iran failed to reach a peace agreement after 21-hour talks in Pakistan, raising doubts over the continuation of a two-week ceasefire.

Ajit Mishra – SVP, Research at Religare Broking, said &quot;The weakness was primarily driven by escalating geopolitical tensions following the collapse of US–Iran talks, which triggered a sharp spike in crude oil prices and weighed on global sentiment. Additionally, fresh weakness in the rupee, continued foreign institutional outflows, and subdued global equity markets further dampened investor confidence.&quot;

2) Higher crude prices: Brent crude, the global oil benchmark, surged 7.33 percent to USD 102.2 per barrel. US President Donald Trump said the US Navy would begin blockading the Strait of Hormuz, escalating tensions and pushing oil prices higher.

&quot;With the failure of US-Iran peace talks and Trump’s declaration of a US naval blockade in the Strait of Hormuz, uncertainty and crude prices have spiked. Brent at around USD 103 is emerging as a threat to the economy and markets,&quot; V K Vijayakumar, Chief Investment Strategist at Geojit Investments, said.
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3) Weak global cues: Asian markets, including South Korea’s Kospi, Japan’s Nikkei 225, Shanghai’s SSE Composite and Hong Kong’s Hang Seng, were trading lower. Wall Street futures were also down up to 1 percent, indicating a weak opening for US markets.

4) Weak rupee: The rupee depreciated 49 paise to 93.32 against the US dollar, weighed down by higher crude prices and a firm American currency amid geopolitical uncertainty. At the interbank foreign exchange market, the rupee opened at 93.30 against the US dollar and slipped further to 93.32, down 49 paise from its previous close.

5) India VIX rises: The volatility index, or India VIX, rose to 21.3 from 18.8 on Friday, indicating increased market uncertainty.

&quot;Sentiment has turned cautious again after last week’s recovery, and volatility may rise given the geopolitical uncertainty,&quot; Aakash Shah, Technical Research Analyst at Choice Equity Broking, said.
Technical Outlook
Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities, said &quot;the 23,950–23,980 zone is likely to act as a key resistance for the index. 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.

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.

Sensex settles 700 pts lower, Nifty ends below 23,850: US-Iran talks failure among key factors behind market decline

8 out of 12 years NIFTY GROWSECT 15 has given positive returns in April.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	10,942.40	11,003.20	11,050.55	10,895.05	10,834.25	10,786.90	10,726.10
Fibonacci	10,936.36	10,961.89	11,003.20	10,895.05	10,853.74	10,828.21	10,786.90
Camarilla	10,891.51	10,901.43	10,911.34	10,895.05	10,871.69	10,861.77	10,851.86

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