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Nifty Prediction for 01 April 2025. Nifty Trade Setup for 01 April
The Nifty closed down 0.31% at 23,500, showing volatility amid sector losses, particularly in IT. Despite a bullish trend indicated by a daily Bullish Flag Pattern, a potential weekly pullback may lower Nifty towards 23,000. Support is at 23,000-23,500, with resistance at 23,800-24,200.
The market opened flat today, and after some frequent ups and downs, showing a volatile market, the Nifty closed the day with a loss of 0.31% or 72 points.
However, as the Nifty closes above the support of 23,500 today, the market is still bullish and set for higher targets.
Today, most of the sectoral indices traded in red, where Nifty IT fell the most (-1.76%), followed by Nifty Realty and Auto sector, each falling over 1%, while the FMCG sector showed some strength by rising 0.58%.
Nifty Prediction for 1 April 2025
On the daily chart of Nifty 50, we have a Bullish Flag Pattern, which indicates a continuation of the bull run, and also the continuous rise from the lower levels in recent days, supported by strong FII buying, suggests a Bull run ahead.
But, here is a matter of concern – On the weekly timeframe, we have a gravestone doji candlestick which indicates a pullback in the next week, which might pull Nifty lower towards 23,000 or even further, but the long-term trend in the Nifty is now bullish.
Also, the technical indicators are bullish and Nifty is above all its moving averages – hence there is nothing concerning till now, and the Bullish Flag pattern on the daily chart suggests a potential upwards move in the market.
The nearby support in the Nifty stands at the 213,500 level, followed by 23,200 and 23,000 levels, while the resistance stands at the 23,800 level, followed by 24,000 and 24,200 levels.
What to Expect from Nifty on 1 April 2025
For Tuesday, 1st April 2025 – Nifty is expected to trade moderately as the weekly chart suggests a bearish move, and as we saw a non-stop rally in the Index in the past few days, led by the strong FII buying, might take a break – and then continue to move higher, resulting in a pull back.
But as there is a Bullish Flag on the daily chart, there is a chance of moving higher, but we need to wait for the global cues for more clarification.
Trading Level for Nifty: 23,000 – 24,000
Also Read:
Bank Nifty Prediction for Monday, 17 February 2025
By: Raaz Aryan
February 14, 2025
Nifty Support and Resistance for 1 April 2025
| Nifty Support Levels | Nifty Resistance Levels |
|---|---|
| 23,500 | 23,800 |
| 23,200 | 24,000 |
| 23,000 | 24,200 |
Note:- For the Most Accurate Data, you can revisit this Page after 11:00 AM (during Trading hours), so we can update the Trade Setup after analyzing the Market.
Happy Trading 🙂
