Expect steep losses today amid a global market crash.
Global recession fears due to US tariffs are impacting markets worldwide.
Nifty 50 & Sensex: Market Outlook (April 7)
US markets face sharp sell-offs:– Nasdaq in a bear market– Dow Jones in correction territory
Asian markets also plummet, spreading global economic worries.
Global Market Impact
Gap-down start expected for Indian markets today.– Current level: 22,128– Discount: ~830 points from Nifty futures' previous close
Gift Nifty Trends
US Market Recap
– S&P 500: -9.1% last week– Dow Jones: -7.9%– Nasdaq: -10%
Global trade war fears causing the biggest losses since the pandemic.
– Bearish candle formed on the daily chart– Slipped below both 20-day & 50-day moving averages– Indicates negative momentum & potential further decline
Nifty 50 Support & Resistance
– Support levels: ~22,600 to ~22,350– Resistance levels: 23,150 if a pullback occurs
Short-term outlook remains weak with ongoing correction..
Bank Nifty Insights
– Mild decline of 0.18%, outperforming sector peers– Support zone: 50,500-50,600– Signs of potential recovery if held above support levels
Bank Nifty Predictions
– Consolidation after recent rally– Target range: 52,050 to 53,000 in the coming weeks– Use current breather as a buying opportunity in quality stockssions.
Investor Advice
– Exercise caution amid volatile market conditions– Monitor expert recommendations before making investment decisions
Stay informed, stay secure!