NIFTY Predictions and Forecasts for 2021 and Today, Support and Resistance

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NIFTY Predictions and Forecasts for 2021 and Today, Support and Resistance

15 Apr 2021
NIFTY Predictions and Forecasts for 2021 and Today, Support and Resistance
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According to analysts predictions, on 15th April 2021, NIFTY faces a resistance at 14,573 while support is at about 14,229. Analysts also predict that NIFTY will reach 15,918 (last 10 forecasts average) by December 2021. Axis Securities is predicting NIFTY to touch 17,200 by Dec 2021. ICICI Direct is predicting NIFTY above 16000 by December 2021. Detailed Predictions are two sections below

Update for 15th April 2021: NIFTY was trading 0.06% higher at 14,513 today. NIFTY Pharma was the best performer followed by NIFTY Metal 

NIFTY closed 1.36% higher at 14,505 on Tuesday. 

In the meanwhile, FIIs have made a Net Sales of Rs 10,480 crores in the Cash market since March 22nd. India reported 1.6 lakhs new COVID cases yesterday. 


Will NIFTY go down in the next few days?

The Overall Technical Rating by Analysts is Bearish. Bullish to Bearish/ Neutral forecasts are in the ratio 3:2


NIFTY Predictions for Today: NIFTY support and resistance (15th April 2021)

Source Support Resistance
On Economic Times 14,280 14,590
on Moneycontrol 14,090 (S3) 14,598 (R1)
Sharekhan 14,316 (S2) 14,530 (R1)

Positive Commentary

  1. HDFC Securities: Immediate support at 14420, more upside in short term
  2. Economic Times: NIFTY trend reversed
  3. DSIJ: Bulls take control

Negative to Neutral Commentary

  1. Moneycontrol: NIFTY can fall 4-8%
  2. Hans India: Market in unpredictable mode

NIFTY Stocks News

Trendlyne: Overbought stocks on NIFTY 50, Oversold stocks on NIFTY 50

Financial Express: Buy HCL Tech, Tata Steel

Mint: 5 IT stocks to buy


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NIFTY Predictions for 2021: NIFTY Predictions, Forecasts and Recommendations

  1. Goldman Sachs: NIFTY target reduced to 16300 by December 2021 (April 13th)
  2. Reliance Securities: NIFTY may hit 16300 by December 2021 (April 5th)
  3. Axis Securities: NIFTY to touch 17200 by end of 2021 (March 3rd)
  4. Prabhudas Lilladher: NIFTY to hit 16075 by March 2022 (Feb 25th)
  5. Bank of America: NIFTY to hit 15000 by December 2021 (Jan 21st)
  6. ICICI Direct: NIFTY at 16300 by end of 2021 (Jan 19th), NIFTY to hit 15700 in coming months (Feb 24th)
  7. Kotak Securities: NIFTY at 15500 in 6 months (Jan 14th)
  8. IIFL Securities predicts NIFTY at 15700 by end of 2021 (Jan 4th)
  9. Jefferies predicts NIFTY at 15800 by end of 2021 (Jan 4th)
  10. Shriram Life: NIFTY at 15000 in 2021 (25th Dec)

अगर आप इसे हिंदी में पढ़ना चाहते हैं, तो यहां क्लिक करें

NIFTY Predictions for Today: NIFTY and Other Markets Update (15th April 2021)

Share Index Performance on 15th Apr Performance Over 1 Week
NIFTY (India)

+0.06%

-1.2%
Nikkei (Japan)

+0.07%

-0.4%
DJIA (US)

+0.16%, 14th

+1.30%
NASDAQ (US Tech)

-0.99%, 14th

+2.2% 

DAX (Germany)

+0.27%

+0.2% 
Hang Seng (Hong Kong)

-0.37%

+0.8%

NIFTY Predictions for Today: Insights

a. Best and Worst Sectoral and Stock Performance (15th April)

NIFTY Pharma is the best performer while NIFTY Auto is the worst performer on Thursday.

Top performing stocks include Cipla, TCS and Wipro. Worst performing stocks include Grasim, Eicher Motors and Infosys

b. Index Valuation

Index P/E is now 32.72 which is high

c. FII and DII inflows

FIIs were net sellers while DIIs were net buyers on 13th April. FII net sales in April has been Rs 4014 crores, DII net purchases has been Rs 1606 crores. Mutual Fund AUMs touch record high in March

d. Global Macro:

  15th April Change over Previous day
Dollar Index 91.55 -0.16%
Brent Crude $ 66.27 -0.47%
Gold (April) $ 1748 +0.67%

US Dollar: The INR is at a 9 month low against the Dollar. USD INR linkage tends to have an impact on short term NIFTY performance

Brent Crude: Oil prices moved up significantly on Wednesday to reach a one month high after new demand estimates suggest higher offtake by US and China

Gold has begun to retreat again after failing to breach $ 1760. It is at a critical support level now and could go to $ 1700. Read our top ranked Gold Predictions article

Global COVID cases increased by 0.80 million on 14th April. The US added 75,998 cases while Brazil added 80,157 cases. India added 199,569 cases. Even as pace of vaccination picks up, India is world number 1 on new COVID cases.


How did the NIFTY 50 stocks perform on 13th April 2021? 

Sector No. of Stocks

% Outperforming NIFTY

% Outperforming NIFTY in 30 days
Banking 6 100% 0%
Automotive 6 100%  0%
FMCG 5 20% 100%
IT Services 5 0% 100%
Pharma 4 25% 100%
Oil and Gas 3 66% 0%
Metals 4 100% 75%

  13th April Change % Sector
M&M 7.78 Automotive
BAJAJFINSV 6.58 Diverse Financial
TATAMOTORS 5.39 Automotive
BAJFINANCE 4.85 Lending
MARUTI 4.67 Automotive
HDFC 4.22 Lending
JSWSTEEL 4.11 Metals
ONGC 4.03 Oil and Gas
ICICIBANK 3.91 Banking
POWERGRID 3.9 Power
INDUSINDBK 3.85 Banking
AXISBANK 3.84 Banking
SBIN 3.77 Banking
HINDALCO 3.69 Metals
TATASTEEL 3.22 Metals
HEROMOTOCO 2.94 Automotive
COALINDIA 2.89 Metals
EICHERMOT 2.88 Automotive
SBILIFE 2.83 Insurance
BHARTIARTL 2.76 Telecom
HDFCLIFE 2.65 Insurance
UPL 2.49 Fertilizers
HDFCBANK 2.48 Banking
LT 2.33 Engg and Infra
IOC 2.24 Oil and Gas
KOTAKBANK 1.98 Banking
TITAN 1.96 Watches and Jewellery
NTPC 1.82 Power
BAJAJ-AUTO 1.81 Automotive
SHREECEM 1.81 Cements
ITC 1.63 FMCG
SUNPHARMA 1.47 Pharma
ULTRACEMCO 1.44 Cement
NIFTY 50 1.36 Index
BPCL 1.35 Oil and Gas
TATACONSUM 1.25 FMCG
RELIANCE 1.11 Telecom and Oil/Gas
GRASIM 0.94 Diversified
HINDUNILVR 0.2 FMCG
ASIANPAINT -1.06 Paints
CIPLA -1.48 Pharma
ADANIPORTS -1.55 Ports
INFY -1.61 IT Services
NESTLEIND -1.67 FMCG
DIVISLAB -1.68 Pharma
BRITANNIA -1.7 FMCG
HCLTECH -2.09 IT Services
WIPRO -2.51 IT Services
TECHM -3.35 IT Services
TCS -3.9 IT Services
DRREDDY -3.95 Pharma

 

  30 day Change % Sector
JSWSTEEL 50.53 Metals
TATASTEEL 22.09 Metals
HINDUNILVR 11.32 FMCG
CIPLA 9.83 Pharma
SHREECEM 9.58 Cements
BRITANNIA 9.08 FMCG
TATACONSUM 7.92 FMCG
DRREDDY 7.92 Pharma
ASIANPAINT 7.05 Paints
DIVISLAB 5.88 Pharma
HINDALCO 5.6 Metals
TITAN 3.24 Watches and Jewellery
NESTLEIND 2.67 FMCG
BHARTIARTL 2.28 Telecom
SUNPHARMA 2.24 Pharma
ITC 1.71 FMCG
INFY 1.62 IT Services
TCS 1.51 IT Services
GRASIM 0.92 Diversified
HCLTECH 0.42 IT Services
ADANIPORTS 0.4 Ports
TECHM -0.14 IT Services
ULTRACEMCO -0.51 Cement
HDFCLIFE -0.66 Insurance
BAJAJFINSV -1.28 Diverse Financial
WIPRO -1.47 IT Services
SBILIFE -1.79 Insurance
HDFC -2.14 Lending
UPL -2.53 Fertilizers
NIFTY 50 -3.5 Index
BAJAJ-AUTO -3.84 Automotive
MARUTI -3.95 Automotive
TATAMOTORS -4.63 Automotive
POWERGRID -5.14 Power
M&M -5.21 Automotive
EICHERMOT -5.45 Automotive
NTPC -7.79 Power
KOTAKBANK -8.23 Banking
ICICIBANK -8.53 Banking
LT -9.27 Engg and Infra
RELIANCE -9.63 Telecom and Oil/Gas
HDFCBANK -9.77 Banking
SBIN -10.52 Banking
BPCL -10.52 Oil and Gas
ONGC -11.3 Oil and Gas
AXISBANK -11.94 Banking
IOC -12.34 Oil and Gas
INDUSINDBK -14.2 Banking
HEROMOTOCO -14.48 Automotive
BAJFINANCE -14.92 Lending
COALINDIA -14.98 Metals

3. NIFTY Predictions for 2021 and Today: Macros - Inflation, IIP, GDP, PMI CCI etc

  January February March
Retail Consumer Inflation 4.06% 5.03% 5.52%
Industrial Production -1.60% -3.60%  
Service PMI 52.8 55.3 54.6
Manufacturing PMI 57.7 57.5 55.4
GST  Rs 1,13,143 Cr 1,23,902 Cr  
EPFO 13,35,884    
Exports $ 27.45 B $ 27.67 B $ 34 B
Vehicle registrations 1.59 million 1.5 million 1.65 million
Core Sector 0.10% -4.60%  
Unemployment 6.53% 6.90% 6.50%

4. NIFTY Predictions for 2021 and Today: GDP Forecasts

RBI: GDP forecast for FY 22 remains at 10.5% even if second wave of COVID

Moody's: Double digit growth for India this year

SBI downgrades India's GDP growth from -7% to -8%

HSBC: FY 22 Growth at 11.2%

S & P: India will be on the fastest growing economies next Fiscal

IMF has upgraded India's GDP growth to 11.5% in FY 2022

MOSPI predicts that the Indian Economy will contract 7.7% this year


5. NIFTY Predictions for 2021 and Today: Major Newsflow 

Solid results from INFOSYS

Nomura: NIFTY at 15434 by March 2022

Motilal Oswal: Vaccination drive, earnings growth to determine market's FY22 trajectory

ICICI Direct: NIFTY to touch 15,400 in coming months, IT, Banking, FMCG stocks set to outperform


Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a SEBI registered advisor to guide you on your financial decisions. 

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