NIFTY

 

NIFTY50 Technical Analysis - April 4, 2025

Key Market Statistics

Index	Open	High	Low	Close	Change
NIFTY50	22,891.55	22,911.40	22,886.35	22,900.05	-3.00 (-0.01%)

Technical Indicators

Indicator	Value	Interpretation
50-Day Moving Average (High)	23,241.54	Price below MA suggests bearish trend
SMMA (10, close)	23,062.22	Short-term smoothed average
MACD (5,13,9)	-81.82 / -77.7	Bearish momentum
Key Support	23,000.00	Psychological support level
Bullish Threshold	23,141.15	Bullish above this level

Market Sentiment

Aspect	Observation
Price Action	Narrow range day with slight negative close
Volume	0 (Data not available or extremely low)
Support/Resistance	Immediate support at 22,886.35 (today's low)
Trend Analysis	Short-term bearish with price below key MAs

Analysis Summary

The NIFTY50 index showed minimal movement on April 4, 2025, closing slightly negative at 22,900.05 (-0.01%). The technical indicators paint a cautious picture:

• The index remains below its 50-day moving average (23,241.54), suggesting the medium-term trend is bearish.
• MACD shows negative values (-81.82/-77.7), confirming bearish momentum.
• The market needs to break above 23,141.15 to turn bullish in the short term.
• Key support levels to watch are today's low of 22,886.35 and the psychological 23,000 level.

Traders should watch for a breakout above the bullish threshold or a breakdown below today's low for clearer directional signals. The extremely low volume (or missing volume data) suggests caution in interpreting today's price action.