Nifty Media Weekly Chart Breakdown – Is the Sector Heading for a Comeback or More Pain? - 05.04.2025
Nifty Media Weekly Chart Breakdown – Is the Sector Heading for a Comeback or More Pain? - 05.04.2025
K Karthik Raja (Market Educator & Technical Analyst)
K Karthik Raja (Market Educator & Technical Analyst)
MCA | MBA | M.Com | MSc Psychology | PGJMC | CST | MDAT | CFA Pursuant
Key Factors Affecting the Nifty Media Index
1. Macroeconomic Pressure: Rising interest rates and muted ad-spending by corporates have continued to weigh on the media sector.
2. Shift in Consumer Preferences: OTT platforms disrupting traditional media companies, impacting ad revenues and viewership.
3. Regulatory Hurdles: Government regulations around broadcasting and digital content moderation are impacting investor sentiment.
Key Watch
- Support Zone: ₹1450–1480 (currently testing this level)
- Resistance Zone: ₹1875–1975 (MA cluster zone)
- Moving Averages:
- 50-week MA: ₹2005.15 (acting as long-term resistance)
- 200-week MA: ₹1977.59
- 150-week MA: ₹1874.94
Volume Analysis
- Recent volume spikes during the sell-off indicate distribution phase, suggesting institutional selling.
- Lower volumes near support hint at lack of aggressive buying interest, signaling caution.
Dow Theory Chart Analysis & Observations
- Lower highs and lower lows indicate a bearish structure
- A breakdown below ₹1480 on weekly close could confirm continuation of the downtrend
- A bounce from current levels could trigger a technical pullback toward the ₹1800–1900 zone
- Bearish crossover seen in MACD, RSI below 40, and CCI in negative territory – all pointing toward further weakness
Stocks to Watch in the Media Space
1. Zee Entertainment (ZEEL) – Under regulatory pressure; watch for reversal signs around ₹180–200
2. Sun TV – Strong balance sheet; outperforming peers; may hold better in weakness
3. PVR Inox – Volatile with earnings surprises; high risk-reward setup developing
4. TV18 & Network18 – Political play; election season may cause speculative moves
Market Insights
Short-Term View (Next 2–4 weeks):
- Expect consolidation around ₹1450–1550
- Technical bounce possible, but resistance likely near ₹1850
- RSI recovering from oversold, momentum mildly improving
Long-Term View (3–6 months):
- Unless ₹2000+ zone is broken decisively, the long-term trend remains sideways to bearish
- Fundamental revival needed in ad revenue and content demand to sustain recovery
Disclaimer
This post is for educational and informational purposes only. It does not constitute investment advice. Always do your own research or consult a financial advisor before making investment decisions.
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