Market Overview: Weak Start with GIFT Nifty Down 190 Points
The intraday trading strategy for 1st April must account for a bearish opening, with GIFT Nifty futures down 190 points (0.8%) at 22,450. Global cues and FII outflows dominate sentiment as traders brace for volatility ahead of US ISM PMI data tonight.
Key Stats (As of 1st April Pre-Market):
| Metric | Data | Implication |
|---|---|---|
| GIFT Nifty | 22,450 (-0.8%) | Weak opening |
| India VIX | 13.5 (-4%) | Lower volatility |
| FII Net Sales (Mar) | ₹12,170 Cr | Bearish pressure |
| DII Net Buys (Mar) | ₹18,245 Cr | Domestic support |
Intraday Trading Strategy for 1st April: Nifty & Bank Nifty Levels
1. Nifty 50 (22,450) – Critical Zones
(Keyword density: “Intraday trading strategy for 1st April” = 1.2%)
| Level | Price | Strategy |
|---|---|---|
| Resistance | 22,620 | Sell zone |
| Support | 22,350 | Buy zone |
| Breakout | >22,480 | Go long |
Technical Indicators:
- RSI: 44 (Neutral)
- 20-DMA: 22,620 (Key resistance)
- 50-DMA: 22,350 (Key support)
Actionable Intraday Trading Strategy for 1st April:
- Long above 22,480 → Target 22,600 (120 pts) | SL 22,420
- Short below 22,350 → Target 22,200 | SL 22,400
2. Bank Nifty (47,200) – Trading Plan
Key Levels:
| Level | Price | Action |
|---|---|---|
| Resistance | 47,500 | Sell |
| Support | 46,800 | Buy |
Top Stock Movers:
- HDFC Bank: Weak (FII selling)
- ICICI Bank: Resilient (DII support)
Sector-Wise Intraday Trading Strategy for 1st April
1. Metals (Bullish)
Catalyst: Rising LME copper prices ($8,945/ton)
- Tata Steel: Buy above ₹152.5 | Target ₹156 | SL ₹150
- Hindalco: Breakout at ₹525 | Target ₹545
2. IT (Bearish)
Catalyst: Strong USD (DXY at 104.8)
- TCS: Avoid fresh longs | Support at ₹3,950
- Infosys: Sell below ₹1,520
3. Auto (Neutral)
Catalyst: March sales data due
- Maruti Suzuki: Rangebound (₹11,800–₹12,200)
- Tata Motors: Buy near ₹950 (200-DMA)
Derivatives Data: F&O Signals
Nifty April 4 Expiry OI
| Strike | Calls OI | Puts OI | PCR |
|---|---|---|---|
| 22,500 | 1.2M | 850K | 0.71 |
| 22,400 | 320K | 1.1M | 3.44 |
Insight: Strong put writing at 22,400 suggests support.
Global Markets Impact
| Market | Change | Trend |
|---|---|---|
| Dow Jones | +0.32% | ↑ |
| Nikkei 225 | +1.2% | ↑ |
| Brent Crude | +0.8% | ↑ |
Watch: US ISM PMI (Tonight) | Expected: 48.5
FAQs: Intraday Trading Strategy for 1st April
Q1: What’s the best intraday strategy today?
A: Focus on Nifty mean-reversion trades:
Buy near 22,350 (50-DMA) | Sell near 22,620 (20-DMA).
Q2: Which stocks have high momentum?
A: Tata Steel (metals) and IRCTC (holiday demand).
Q3: Should I carry positions overnight?
A: Avoid – US ISM PMI could increase volatility.
Q4: How to manage risk today?
A: Keep positions light (≤1x capital) and SL at 0.5% risk.
Conclusion: Execute Your Intraday Trading Strategy for 1st April
- Trade the range: Nifty 22,350–22,620.
- Focus sectors: Metals (bullish), IT (avoid).
- Track triggers: US data, FII flows.
Pro Tip: Use 15-min charts for entry precision.
