Daily Analysis of Stock Market – NIFTY – 08th April 2021


On Thursday, The market had a gap up opening and remained in the green for the whole session. At the closing market closed in the green. The market was very much volatile today. The Nifty index closed at 14,873.80, The Nifty bank index closed above and hold 32,782.85, and the Sensex settled above 49,746.21. The Nifty index gained around 54.75 points, The Nifty bank index lost around -208.35 points, and the Sensex gained 84.45 points in a single day.


Today, the Nifty index opened at 14,875.65 went up to 14,984.15, and closed at 14,873.80, after making the low of 14,821.10, The Nifty Bank index opened at 33,154.20 and stayed volatile between the high of 33,306.80, to the low of 32,704.75, and closed at 32,782.85

Daily Analysis of Stock Market – NIFTY – 08th April 2021 4

According to the Nifty daily chart, If Nifty breaks and sustain above 14,530. Then Nifty can go towards 15,200 to 15300 levels, Alternatively, If Nifty does not break and sustain below 14,530 levels, then it might retest 14,200 to 14,400 levels.


  • Zydus Cadila gets a USFDA nod for cancer and high blood pressure, a treatment drug.
  • IL&FS sells environment business to Everstone arm, to pare Rs 1,200 crore in debt.
  • Rupee ends lower at 74.60 per dollar.
  • UCO Bank okays preference shares issue to govt for Rs 2,600 crore capital infusion.
  • Alembic Pharma share price jumps 3% on tentative USFDA approval.

Trading zone for the Nifty index on 08th April 2021

Upside Resistance:-  14,965, 15,056, 15,128.

Downside Support:-  14,802, 14,730, 14,639.

Nifty 50


In the Nifty 50, 31 stock traded in green and whereas only 19 were declined on 08th April 2021.

Top 5 Nifty Gainer and Loser

JSW Steel9.21IndusInd Bank-1.13
Tata Steel4.98Sun Pharma-1.09
Shree Cements4.47SBI Life-1.09
Hindalco3.69HDFC Bank-1.00

The most active value-wise stocks were Tata Steel, JSW Steel, Adani Ports, Tata Motors, Reliance, and the volume-wise were JSW Steel, Tata Motors, Tata Steel, Adani Ports, SBI.

FII and DII trading activity on NSE, BSE, and MSEI on Capital Market Segment as on 08th April 2021

FII (Cr.)DII (Cr.)

Daily Analysis of Stock Market – NIFTY – 08th April 2021 5

GSI Teamhttps://www.abovestocks.com
GSI Team is the technical expert team of Above Stocks, which is lead by the Aarish and works on giving the latest and accurate information about the Nifty and its prediction.


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