The Indian stock market today is expected to open higher on April 11, despite global uncertainties. The Gift Nifty, which reflects the future movement of the Nifty 50, was trading around the 22,950 mark—about 470 points above the previous closing of Nifty futures. This indicates a strong start for the day.

Indian Stock Market Today:

Concerns over a possible trade war between the US and China are affecting investor sentiment. The market remains volatile as traders wait for key developments in US-India inflation data and the beginning of the earnings season. The Indian stock market was closed on April 10 for Mahavir Jayanti, and today’s session will be closely watched.

Market Performance on April 9

On Wednesday, April 9, the Sensex dropped 379.93 points to close at 73,847.15. The Nifty 50 also declined by 136.70 points and ended at 22,399.15. This performance came with the formation of a bearish candlestick pattern, showing selling pressure from higher levels.

Nifty 50 Analysis and Support Levels

Experts believe that Nifty is showing short-term weakness. It is currently below the 21-day EMA (Exponential Moving Average), with the RSI (Relative Strength Index) also showing a negative trend. Nifty may face resistance around 22,500. If it manages to break this level, it might move towards 22,750–22,800. However, if it fails, it may fall to 22,000 or even 21,750.

Open Interest (OI) data also shows high resistance at 22,500 and 22,800, while support lies around 22,300. Experts from various brokerages have highlighted that the index needs to stay above key support zones to maintain momentum.

Bank Nifty Performance and Trend

Bank Nifty ended at 50,240.25 on April 9, falling by 0.54%. A small bearish candle with a long lower shadow suggests that the market may consolidate. Immediate resistance for Bank Nifty is at 51,000, and support lies between 49,000 and 48,700. If the index remains above 51,000, it could move up to 51,500 or 52,100.

Technically, Bank Nifty is above the daily Supertrend indicator, offering support against further downside. However, unless there is a strong breakout above 50,800 or a fall below 49,160, the market might remain directionless.

Volatility and Investor Strategy

The India VIX (Volatility Index) is still high at 21.43, signaling potential market swings. Experts suggest that investors remain cautious and wait for strong confirmations before entering trades. Stock-specific actions are likely to dominate in the short term.

Disclaimer: The above article is based on analysts’ views and public market data. Investors are advised to consult certified financial experts before making

any investment decisions.

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