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Explore detailed weekly Nifty 50 technical analysis, and key support and resistance levels for the week, along with top trading strategies for Indian stock market investors.
Last week, from 21st April – to 25th April 2025, the Nifty 50 index opened on a positive note as the investors were optimistic that the US government is showing signs of making trading deals with India and other countries. But the week was followed by a terrorist attack in Pahalgam Kashmir, which increased uncertainty among investors, and the index ended the week almost flat. In the weekly Nifty 50 technical analysis blog, let us take a look at what the price action is indicating about the future movement of the index.
Market Recap: 21st – 25th April 2025
Last week the Nifty 50 index ended 0.79% up and closed at 24,039. The other key levels for the the Nifty 50 index last week are:
| Open | 23,949 |
| High | 24,365 |
| Low | 23,847 |
The high made last week was also the highest point of the index for 2025.
The index opened the week on a positive note and was later in the week dragged down by increasing uncertainty surrounding the terrorist attack in Kashmir and the increased possibility of retaliation by the Indian government.
Let us look at the movement of other key stock market indices for the previous week :
| Index | % Gain/Loss (21st – 25th April, 2025) |
| Nifty Mid-Cap 150 | +1.35% |
| Nifty Small-Cap 250 | +0.47% |
| Nifty Next 50 | +0.09% |
| Nifty 500 | +0.77% |
| Sensex | +0.84% |
Reasons for the Market Performance Last Week
The key factors that influenced the movements in the Indian stock market last week are:
- FII / DII Activity: The foreign and domestic institutions were net buyers of equities last week. This helped the market stay in positive territory despite increased border uncertainty.
| Date | FII (₹ Crores) | DII (₹ Crores) |
| April 21 | 1,970 | 246 |
| April 22 | 1,290 | (885) |
| April 23 | 3,332 | (1,234) |
| April 24 | 8,250 | (534) |
| April 25 | 2,952 | 3,539 |
| Total | 17,749 | 1,132 |
Source: Stockedge
- Pahalgam Terror Attack: A deadly terrorist attack in Phalagam has got investors worried that any major retaliation by the Indian government can drastically change the economic landscape of the country. This was the reason the market gave up its gains later in the week.
Weekly Nifty 50 Technical Analysis
Here is the price action of the Nifty 50 index for the previous week –
Source: Tradingview, Nifty 50 daily chart, with 200-day EMA, and RSI indicator.
- Last week, the Nifty 50 index managed to stay above the 200-day EMA, indicating bullishness.
- However, the index is forming a divergence with the RSI indicator. This is a slightly bearish sign.
- But, on Monday, 28th April 2025, the Nifty 50 index is trading 1.25% up, indicating continued bullishness.
Nifty 50 Trading Strategies: Important Levels
Here are some important technical signals and Nifty 50 support and resistance levels that market participants can track:
Positive Signals
Source: Tradingview, Nifty 50 daily chart, with 200-day EMA.
The first sign that will keep investor sentiment up is if the Nifty 50 index on the daily charts stays above the 200-day EMA. The index does not face any major resistance in the 24,700 -24,800 zone, and if any negative shock does not occur, then there is a chance that the index can reach this level in the coming weeks.
Source: Tradingview, Nifty 50, 30-minute chart, with 200-day EMA.
In the 30-minute timeframe, the index is trading in a sideways zone of 23,900 and 24,350. A break above this zone can be yet another bullish sign.
Negative Signs
Source: Tradingview, Nifty 50 daily chart, with 200-day EMA.
The index is currently trading above its support zone of 23,700 – 23,800. If the index slips below this level, it can be a bearish signal.
Another bearish sign for the index would be if it moves below the 200-EMA level. The bearish move can be confirmed by any momentum indicator like MACD or RSI moving below their zero line or 50 mark, respectively.
Performance of other Markets
Let us now take a look at the other asset prices and global markets:
| Asset | % Gain/Loss (21st – 25th April, 2025) |
| Gold Futures (MCX) | -0.28% |
| Crude Oil Futures (MCX) | -2.12% |
| India 10-Y G-Sec Yields | – 0.9 basis points (6.363%) |
| Dollar Index | +0.16% |
| S&P 500 Index (USA) | +4.59% |
| FTSE 100 (UK) | +1.69% |
| Nikkei 225 (Japan) | +4.38% |
Last week, the markets around the world made significant gains as the US government showed a willingness to negotiate a trade deal with China after the imposition of trade tariffs.
This lowered the investors’ anxiety about the possibility of a trade war among the largest economies in the world. This also led to an ease in prices of gold and a rise in the dollar index.
Key Factors for the Current Week
Here are some factors that can shape the Indian stock market trends for the current week:
- India-Pakistan Tensions: Indian investors should closely watch the developments of the Indian government against the Pakistan government. Any signs of increased escalation between the two countries can sound selling alarms for foreign and domestic investors.
- US Government Tariffs: Investors must also closely watch the developments of trade negotiations between the US and other countries. Any positive news on this front can bring bullish sentiment to the market.
Conclusion
On 28th April 2025, the Nifty 50 index was trading on a positive note. Generally, it is said that traders must get their cues from price action and financial news. But this week demands that investors stay alert to the news for any development around increased geopolitical tensions. Traders can visit numerous online platforms to access charting and market tracking tools.
DISCLAIMER: This article is not meant to be giving financial advice. Please seek a registered financial advisor for any investments.
- Weekly Nifty 50 Technical Analysis: Key Trading Strategies - April 30, 2025
- Weekly Nifty 50 Technical Analysis: Market Sentiment Decoded - April 21, 2025
- Weekly Nifty 50 Technical Analysis: Market Update - April 14, 2025
