Posted on April 22, 2025, by Niftynews
Nifty 50 today is expected to start flat or slightly lower, tracking weak global sentiment. Despite the strong momentum seen in the previous session, early signals from the Gift Nifty suggest a cautious open. As of this morning, Gift Nifty is hovering around 24,083—about 52 points lower than the Nifty futures close, indicating a subdued start for the market.
🔁 Nifty 50 Today: Market Recap from April 21
Indian markets rallied strongly on Monday, with both the Sensex and Nifty 50 extending their winning streak for the fifth consecutive session.
- Sensex surged 855.30 points (1.09%) to close at 79,408.50
- Nifty 50 advanced 273.90 points (1.15%) to end the day at 24,125.55
Nifty 50 today reflects the continuation of this bullish trend, as the index formed a long bullish candle with a gap-up opening—indicating a strong breakout above previous swing highs.
📊 Nifty 50 Today: Technical Analysis & Key Levels
“Nifty 50 today is trading above its key moving averages and has broken out of a multi-week resistance trendline. This signals a continuation of the bullish momentum,”
say market analysts.
The rally has positioned Nifty above its 200-day simple moving average (SMA), reinforcing the strength of the ongoing uptrend.
🔹 Key Technical Levels for Nifty 50 Today:
- Immediate Resistance: 24,200 – 24,250
- Short-term Target: 24,550 – 24,800
- Support Zone: 23,870 – 23,950
As long as Nifty 50 today holds above 23,950, traders are advised to follow a buy-on-dips strategy. The index has maintained a pattern of higher highs and higher lows, confirming the bullish bias.
🏦 Bank Nifty Outlook for April 22
While Nifty 50 today is the market’s focal point, Bank Nifty has also shown remarkable strength. On Monday, it closed with an impressive gain of 1,014 points, ending at 55,304.50—its highest ever.
Bank Nifty has broken out of a wide 7-month range (48,000–54,450) and is now entering a new phase of bullishness.
“Bank Nifty’s rapid rebound from a 5-month correction in just two months indicates strong sectoral leadership,”
stated analysts at Bajaj Broking.
🔹 Key Bank Nifty Levels:
- Target: 56,000+ in the near term
- Support: 54,000 – 53,500
- Momentum Indicator (RSI): Near 75 (Overbought)
The overbought RSI suggests short-term consolidation is possible, but as long as Bank Nifty holds above 54,250, the uptrend remains intact. A trailing stop-loss approach is recommended to protect gains.
💼 Trading Strategy Based on Nifty 50 Today
Despite the expected flat start, technical indicators suggest the Indian market is well-positioned for further gains. Both Nifty 50 and Bank Nifty have shown strong bullish setups with room for upward movement.
✅ Strategy Summary:
- Nifty 50 Today: Hold above 23,950; breakout confirmation above 24,250
- Bank Nifty: Stay long with tight stop-loss; watch for consolidation above 54,250
- Market Sentiment: Bullish, with a chance for a mild pullback or pause
Traders are encouraged to look for intraday buying opportunities, especially in large-cap and banking stocks that continue to lead the rally.
🧭 Broader Market Sentiment
Although global cues are weak, the internal strength of Indian markets, especially Nifty 50 today, suggests investor confidence remains high. The breakout patterns across sectors and sustained volumes support the continuation of the trend.
If Nifty manages to hold above 24,200 and close higher, it could set the stage for the next leg of the rally toward 24,550 and beyond.
📌 Final Thoughts: Nifty 50 Today – Still Bullish
While the opening for Nifty 50 today might appear muted, the technical strength beneath the surface remains intact. Traders should continue to monitor key resistance levels and use pullbacks as entry points.
The rally seen in both Nifty and Bank Nifty signals a well-supported uptrend. Unless a strong reversal pattern emerges, the broader outlook stays bullish.