Positive Bias Expected in a Truncated Trading Week
Riddhi Siddhi Share Brokers Outlook: Cautious Optimism Amid Reduced Tariff Pressure
As we step into the new week, Nifty bulls may look to build on last week’s sharp rebound. However, it’s an extremely truncated trading week with markets closed on:
- Monday, April 14 – Dr. Babasaheb Ambedkar Jayanti
- Friday, April 18 – Good Friday
Only three trading sessions lie ahead on Dalal Street.
Our call of the week: Nifty could trade with a positive bias as the immediate panic around Trump’s tariffs has eased, but volatility persists, especially after China’s retaliatory hike in tariffs.
Also adding to the mix, Gold has surged to fresh historic highs near $3,250/oz, driven by its safe-haven appeal. Traders should brace for volatility.
Key Earnings to Watch This Week
- April 15 (Tuesday): ICICIGI, ICICIPRULI
- April 16 (Wednesday): ANGELONE, WIPRO
- April 17 (Thursday): HDFCAMC, HDFCLIFE, INFY, TATAELXSI
- April 18 (Friday): NETWORK18
- April 19 (Saturday): HDFCBANK, ICICIBANK, YESBANK
Key Economic Data
- April 14 (Monday): India WPI Inflation
- April 15 (Tuesday): CPI Inflation (YoY)
Technical Outlook – Riddhi Siddhi Share Brokers View
Nifty remains range-bound until it decisively breaks the 24,000 mark. Until then, it’s a trading market.
Nifty & Bank Nifty Forecast
Nifty (CMP: 22,829)
- Support: 22,501 / 22,000
- Resistance: 23,501 / 24,001
- Range: 22,522 – 23,221
- 200 DMA: 24,056
- PCR: 1.11
- Bias: Neutral
- Trade Idea: Buy only above 23,100
🎯 Targets: 23,501 / 23,800 / 24,077
🛑 Stop: 22,555
Bank Nifty (CMP: 51,002)
- Support: 50,200 / 48,900
- Resistance: 52,335 / 54,000
- Range: 50,222 – 52,275
- 200 DMA: 51,012
- PCR: 0.86
- Bias: Neutral
Options Data Highlights
- Max Call OI: 23,500 > 24,000
- Max Put OI: 21,000 > 23,500
- Call Writing: 23,100 / 22,900
- Put Writing: 22,400 / 22,500
- Expected Range: 22,000 – 24,500
Riddhi Siddhi Share Brokers Sector View
- Bullish Sectors: Metals, Banks, FMCG, Auto
- Bearish Sector: Realty
Stocks in Focus – This Week’s Trading Radar
Bullish View:
ITC, SAIL, TATASTEEL, ASHOKLEY, IEX, SBIN, VOLTAS, COALINDIA, HDFCBANK, HINDALCO, BAJFINANCE, TATACONSUM, MCX
Bearish View:
GODREJPROP, MUTHOOTFIN, SHREECEM, LODHA, DLF
🧪 Stock Spotlight: Paradeep Phosphates Ltd (PPL)
CMP: ₹120
Target: ₹175
52W H/L: ₹130.45 / ₹62.10
P/E: 23.7
EPS (TTM): ₹5.06
Book Value: ₹46.10
Market Cap: ₹9,777 Cr
Promoter Holding: 56.08%
Holding Period: 9–12 Months
Business Snapshot
Paradeep Phosphates Ltd is a leading player in India’s phosphatic fertilizer segment. With 3 million MT capacity and strong brand equity (Jai Kisaan, Navratna), it serves over 9 million farmers via 70,000 retail points. It operates units in Paradeep and Goa producing DAP, NPK, and urea.
Q3 FY25 Highlights:
- Revenue: ₹4,105 Cr
- EBITDA: ₹371 Cr
- PAT: +47% YoY
- TSP Sales: 54,128 MT
- Total Fertilizer Sales: 870,586 MT (+47% YoY)
- Multiple NPK grades up 59% YoY
Technical Outlook:
The stock is witnessing a bullish breakout from its March 2024 lows (₹83), with major support at ₹100–103. Resistance lies at ₹130 (all-time high). Above ₹130, a strong momentum rally is expected.
Trade Strategy:
📌 Buy at CMP
🎯 Targets: ₹151 / ₹175
💥 Aggressive: ₹200
🛑 Stop: ₹82
⏳ Holding Period: 9–12 Months
Riddhi Siddhi Share Brokers Takeaway
It’s a short week — and that calls for smart, selective moves. Stay nimble, watch inflation data and earnings closely, and avoid chasing rallies.
Remember Darwin’s wisdom: Adaptability is key. In markets, as in life — flexibility, patience, and clarity win the long game.
Disclaimer – Riddhi Siddhi Share Brokers
This content is for educational purposes only and does not constitute investment advice. Markets are subject to risk. Consult a SEBI-registered advisor before investing.
Riddhi Siddhi Share Brokers makes no guarantees of returns. All views are opinions and for informational use only.