Friday’s storm reset the charts. Time to adjust the strategy, manage the leverage, and navigate the turn.
The benchmark NIFTY 50 is likely to kickstart the new trading week on a nervous note, as bears may attempt to extend Friday’s sharp late-hour sell-off that rattled Dalal Street.
At Riddhi Siddhi Share Brokers, we believe the current market environment calls for disciplined risk management and a cautious trading approach.
Why Markets May Remain Under Pressure
The 6-Negative Catalysts Impacting Nifty
1) Monsoon Uncertainty
Weak rainfall projections could negatively impact:
- Agricultural output
- Rural demand
- Food inflation
This remains one of the biggest domestic risks for the Indian economy.
2) RBI’s Higher Inflation Outlook
The RBI’s upward revision in inflation projections may reduce flexibility for future rate cuts. This could impact:
- Banking stocks
- Interest-sensitive sectors
- Consumption-driven themes
3) Heavy FII Selling
Foreign Institutional Investors dumped nearly ₹31,115 crore during the week gone by.
Persistent FII selling remains a major concern for the Indian equity market.
4) Escalating Middle East Tensions
The Israel-Lebanon conflict and renewed US-Iran tensions continue to create uncertainty.
Over the weekend:
- Iran launched missiles toward Kuwait and Bahrain
- The US intercepted Iranian drones near the Strait of Hormuz
- Oil supply concerns resurfaced
Any escalation could push crude prices sharply higher.
5) Wall Street Rally Loses Momentum
US markets witnessed profit booking after recent gains, creating pressure on global equities.
6) Rising US Bond Yields
The US 10-year Treasury yield climbed to 4.54% after stronger-than-expected jobs data increased expectations of another Fed rate hike.
Higher bond yields typically hurt:
- Emerging markets
- Technology stocks
- Growth sectors
Riddhi Siddhi Share Brokers Market Outlook
Long Story Short:
If these headwinds continue, Nifty could remain trapped in a cycle of:
- Failed rallies
- Sharp profit booking
- Renewed selling pressure
At Riddhi Siddhi Share Brokers, our view is that preservation of capital should remain the top priority in uncertain market conditions.
Gyan Mantra:
“In uncertain markets, preservation of capital comes before pursuit of returns.”
Nifty Technical Outlook
Technically speaking:
- Immediate resistance remains near 24,100
- Major hurdle remains at 24,956 (200 DMA)
- Strong support zone exists near 22,900–22,650
If selling pressure intensifies further, Nifty may drift towards the April 2nd low near 21,183.
Nifty Options Data
The Nifty options data suggests Nifty is likely to remain in a broad trading range between 23,000–25,000.
Key OI Levels:
- Maximum Call OI: 25,000 followed by 24,000
- Maximum Put OI: 24,000 followed by 23,500
Option Writing Activity:
- Call writing: 23,500 and 23,400
- Put writing: 22,800 and 22,700
Price Forecast by Riddhi Siddhi Share Brokers
| Index | CMP | Support | Resistance | Range | 200 DMA | Bias |
|---|---|---|---|---|---|---|
| Nifty | 23367 | 22900 / 22650 | 23651 / 24100 | 23045–23599 | 24956 | Negative |
| Bank Nifty | 54496 | 52700 / 50500 | 55000 / 57500 | 53100–54900 | 56990 | Negative |
Preferred Trade for the Week
Nifty Strategy:
Sell at CMP (23367)
Targets:
- 22900
- 22650
- Aggressive target: 22350–22400
Stop Loss:
23651
Top Sectors for the Week
Bullish Sectors
- Media
- Pharma
Bearish Sectors
- IT
- FMCG
- Auto
- Metals
Stocks in Focus by Riddhi Siddhi Share Brokers
Bullish View
- ETERNAL
- FEDERALBNK
- CGPOWER
- ADANIENSOL
- ADANIENT
- ADANIGREEN
Bearish View
- TCS
- IEX
- HINDZINC
- HEROMOTOCORP
- RVNL
- ULTRACEMCO
- DLF
- BSE
- MCX
- OFSS
- SUPREMEIND
Stock of the Week – Fortis Healthcare
Fortis Healthcare: Massive Breakout Play on Cards
| Details | Value |
|---|---|
| CMP | 969 |
| Target Price | 1150 |
| Stop Loss | 839 |
| 52 Week High/Low | 1105 / 741 |
| Market Cap | ₹73,129 Cr |
Why Riddhi Siddhi Share Brokers Likes Fortis Healthcare
Fortis Healthcare is among India’s leading healthcare service providers with:
- 36 healthcare facilities
- 6,000+ operational beds
- 17,900+ healthcare professionals
- 400+ diagnostic laboratories
The company has strong exposure across:
- Cardiology
- Oncology
- Neurosciences
- Orthopaedics
- Organ Transplants
- Critical Care
Strong Financial Performance
Q4 FY26 Highlights:
- Revenue up 17.8% YoY
- PAT jumped 44.2% YoY
- EBITDA margins expanded to 22.5%
Growth Drivers:
- Rising occupancy levels
- Expansion of hospital bed capacity
- Growth in diagnostics business
- Increasing medical tourism
- Higher insurance penetration
Technical Outlook on Fortis Healthcare
Fortis Healthcare appears structurally strong with:
- Improving earnings visibility
- Expanding healthcare demand
- Strong institutional ownership
Preferred Strategy:
Buy at CMP and on dips between 880–900.
Targets:
- 993
- 1031
- Aggressive target: 1150
Stop Loss:
839
Holding Period:
9–12 Months
Conclusion by Riddhi Siddhi Share Brokers
The market environment remains volatile due to:
- Geopolitical tensions
- Sticky inflation
- Rising bond yields
- FII selling pressure
However, selective opportunities continue to emerge in:
- Healthcare
- Pharma
- Media
At Riddhi Siddhi Share Brokers, we recommend maintaining discipline, avoiding excessive leverage, and focusing on fundamentally strong businesses.
Disclaimer
Riddhi Siddhi Share Brokers is an NSE & BSE registered Authorised Person of a leading broker.
The investments and trading ideas discussed above are purely for educational and informational purposes only. Stock market investments are subject to market risks. Investors should consult their financial advisors before taking any investment decision. Past performance does not guarantee future returns.