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Stock market holidays 2024: Is stock market closed on Tuesday, April 9, for Gudi Padwa?



Amit Mudgill

Spring pageant Gudi Padwa 2024 might be celebrated throughout Maharashtra, Goa and different elements of India, on Tuesday, April 9. The continued month will see two buying and selling holidays. As per the listing of holidays on inventory exchanges BSE and NSE, whereas the foreign money derivatives section might be shut tomorrow on account of Gudi Padwa, it might be a enterprise as regular for fairness bourses. 

This is able to nonetheless be a truncated week because the inventory market might be closed on Thursday, April 11, on account of Id-Ul-Fitr (Ramzan Id). It will be shut on April 17 (Wednesday) for Ram Navami. Within the rapid future, share market may also be closed on Wednesday, Could 1, to commemorate the formation of Maharashtra state (Could 1, 1960).                                               

On Monday, the BSE Sensex settled the day at 74,742.50, up 494.28 factors or 0.67 per cent. Nifty superior 152.60 factors or 0.68 per cent to shut at 22,666.30. 

Merchants are suggested to train warning with aggressive lengthy positions at increased ranges and take into account profit-taking methods, mentioned Rajesh Bhosale, Technical Analyst at Angel One. This analyst sees rapid help for Nifty at 22,500-22,450. 

Rupak De, Senior Technical Analyst, LKP Securities mentioned Nifty maintained its energy by staying above 22,500 all through Monday’s session. Moreover, it exceeded the earlier all-time excessive of twenty-two,619, even the index has reached close to the higher band of the rising wedge, which could act as resistance within the brief time period. 

Over the brief time period, the index would possibly consolidate inside a spread, De mentioned whereas suggesting a help at 22,500.

“The extent of twenty-two,500 was appearing as a robust resistance for Nifty. Name writers (Bears) exiting together with put writers’ entry (Bull entry) was noticed on the 22,500-strike. This led to a pointy intraday up-move. Sturdy put writing was additionally noticed on the 22,600-strike right now. The decision writers (Bears) lead the put writers (Bulls) by a good margin on the 22,700-strike and the choice exercise at this strike will present cues about Nifty’s Intraday path tomorrow,” mentioned Ashwin Ramani, Derivatives & Technical Analyst, SAMCO Securities.

Disclaimer: Enterprise In the present day supplies inventory market information for informational functions solely and shouldn’t be construed as funding recommendation. Readers are inspired to seek the advice of with a professional monetary advisor earlier than making any funding selections.

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