Nifty 50 Pre-Open Market Analysis Report – April 23, 2025 Prepared by: Dr. A.K. Tyagi
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Published on 22 Apr
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Avanish Kumar Tyagi
7 May
Nifty likely to trade rangebound; option writers may use Iron Condor or Bear Call Spread between 24,200–24,500 to benefit from time decay and limited volatility.
5 May
Nifty 50 closed above 24,450 with bullish momentum; eyes 24,600+ if sustained. Support seen at 24,200–24,000. Elevated VIX urges caution amid strong OI setup.
1 May
Nifty remains in a positive trend above key EMAs, but rising volatility and global tensions suggest caution; watch 24,000–24,500 range for a decisive move.
29 Apr
Nifty stays bullish above 24,300; watch for resistance at 24,550–24,860. Rising VIX urges caution; volatility likely to persist. Maintain strict stop-losses.
28 Apr
Nifty needs to decisively cross 24,350 for further gains; strong support lies at 24,000–24,050. Cautious optimism advised amid elevated volatility.
24 Apr
Nifty remains in a bullish zone; 24,000 is key support. Hold longs with caution. Watch for a breakout above 24,545 to confirm further upside momentum.
23 Apr
Nifty remains bullish with key support at 24,000 and resistance at 24,500. Caution advised due to Hanging Man pattern and rising volatility ahead of expiry.
21 Apr
Nifty 50 stays bullish above 24,000 with strong momentum; watch for resistance at 24,200–24,550. Support lies at 24,000–23,900. Sentiment remains positive.
20 Apr
Nifty 50 remains bullish above 23,500 with strong momentum, low VIX, and positive OI data; resistance seen at 24,000–24,200, support at 23,500–23,000.
16 Apr
Nifty 50 stays bullish above 200-day EMA; targets 23,550–23,650. Strong OI support at 23,000–23,300. Positive sentiment, falling VIX, and rising PCR boost confidence.