Nifty Prediction on April 8: Experts Advise to Stay Out of Market, Know Key Details

Nifty 50 opened and rebounded on April 8, shrugging off steep declines amid Trump’s tariff concerns. The 50-share index is up by 1.16% at 22,420. Advances/declines ratio stands at 47:3, which indicates a positive development.

Outlook on Nifty

Nifty reported a gap-up opening on April 8, 2025, keeping the overall sentiment positive. However, the index tumbled from the intraday high of 22,577 highlighting weak buying activity in the equity markets. This increases the chances of the Nifty to fall to 22,300-22,250 during the day.

A push above 22,450 is required to return to 22,550-22,600. Therefore, it’s a wait-and-watch situation for now.

Nifty 50 Futures

The Nifty 50 April Futures (22,445) is up 0.8%. The contract surged to an intraday high of 22,650 in its early trades and is coming down from there. Key intraday support is pegged at 22,370. It has to go above it to go back up to 22,600-22,650 levels again.

A break below 22,370 will bring the contract under pressure. Such a break can drag the Nifty 50 April Futures contract down to 22,200 and even 22,100 again.

What should be the trade strategy?

On account of volatility in the equity markets, traders are advised to stay out of the market for some time. Traders should wait for a few sessions to get clarity of the overall scenario.