Indian Stock Market Prediction in Near Future

India is fighting between global cues and local fears and thus the fight is going in between bulls and bears

Global markets are trading near a market high and we are trading slightly lower due to corona virus fear and thus we are optimistic that a bounce-back will be seen in the Indian market in higher time frame. 

However, short time we can may see some downtrend but overall trend in longer term remains bullish. 

As of now we are at last support in Nifty and if 14200 is held we will retracement else below 14200 we can see 13900, 13600 levels

Worried about long-term view, then none can beat our Daily Bank Nifty Option Tips which gets you good profit on a  daily basis.

As per the charts, the direction of our market is bearish but since our markets follow the global markets in USA and thus we can expect a pullback in higher time frame as now we have a vaccine against the unknown fear of coronavirus, and the economy has started rolling back.

Have a look at the Sensex and Nifty chart below to see that how these indexes are moving at the bottom of the channel.

For next week Nifty has strong support around 14200 levels. Break will take itto 14000, 13850 levels. 

On the upper side NIFTY will face strong hurdle at 14700 levels, crossover with volume and close above will create short covering at take NIFTY up to 14785---14900 level.

Update for Monday (19 Apr 21)

After not so exciting Friday, inspite of Positive Global cues, our Markets are absolutely playing a Divergent move. Even today Asian Markets are in a mood to rally, but domestic cues have been dominating with Scary numbers on Covid & we need some positive triggers either results or any news on Covid flattening curve.  

So, more than Global markets, our Markets will play based on Domestic cues, especially Covid.  So get ready to play based on Intraday trend & don't be fixed in your mindset to approach your trades.