Nifty Next Week Prediction (April 14–18): Rally Losing Steam?

 This Week Recap:

Nifty showed strength in the last 2–3 sessions, bouncing back sharply. But here’s the catch — this rally did not come from a strong support zone, and there are signs that the upside may be limited.

Let’s break it down technically 👇

📉 Why Nifty May Struggle Next Week

• ✅ Rally without Strong Base:
  The recent upmove looks more like a technical bounce rather than a trend reversal. There was no major support zone at the bounce point — which makes it fragile.

• ⚠️ Daily Time Frame Resistance:
  On the daily chart, Nifty is approaching a key resistance zone. Price action is showing signs of slowing down with smaller candles and upper wicks.

• 🚫 20 EMA Resistance:
  Price is currently below or near the 20-day EMA, which is acting as a dynamic resistance. Unless it breaks this with volume, upside looks capped.

💡 Sagar’s View:

This is not the time to be aggressively bullish.
Be selective, book profits quickly, and stay light if you're a short-term trader.

Wait for a proper breakout above 20 EMA and resistance zones before entering fresh longs.

📌 Final Thoughts

Nifty may be taking a pause after a short-term bounce. Don’t get trapped in FOMO. Let the market confirm strength — and until then, defensive sectors or no trades are also good trades.

🗣️ What do you think? Will Nifty break out or fizzle out? Let me know in the comments.

— Sagar,

BuzzWithSagar