Chartist Talk: Nifty back above 24,000, but the bigger trade may now be in midcaps and smallcaps
Looking ahead, technical signals point toward the possibility of further extension in the Nifty 50 pullback rally, with immediate upside targets placed at 24,300 and 24,500. On the downside, the 23,650–23,600 zone is expected to act as a key support level, said Sudeep Shah of SBI Securities.
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If Nifty holds above key support and sentiment stabilizes, selective bullish trades make sense, especially in sectors directly hit by the conflict.
Technical View: Best weekly rally in 5 years for Nifty 50, Bank Nifty after Iran ceasefire, easing VIX; sustaining above 24,000 crucial for further rally next week
Weekly options data also suggests that 24,500 is likely to act as the next key resistance for the Nifty 50, with support in the 24,000–23,800 range.
Trading Plan: Can Nifty 50, Bank Nifty defend Thursday’s low amid ceasefire uncertainty?
Bank Nifty needs to defend the 54,600 (near Thursday’s low)–54,400 support range for stability, which could raise hopes for a move toward 55,800–56,200. However, a fall below this support may open the door to 54,000–53,500 levels, experts said.
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Range-bound trading may continue until the market convincingly surpasses Wednesday's high. Below are some short-term trading ideas to consider.
Trade Setup for April 10: Top 15 things to know before the opening bell as fragile US-Iran ceasefire keeps markets on edge
The market is expected to remain in a consolidative, range-bound phase until the US, Iran, and Israel fully comply with a formal agreement.
Technical View: Nifty sees profit booking after 8% rally; 24,000 a crucial hurdle for bulls, Bank Nifty needs decisive break above 55,800 for further upside
The weekly options data suggests that the Nifty 50 is likely to trade within the 23,500–24,000 range in the short term.
Trading Plan: Can Nifty 50, Bank Nifty take a small breather after 5-day winning streak?
The Nifty 50 needs a decisive close above the psychological 24,000 zone for a move toward the 24,300–24,500 levels. However, the 23,900–23,800 range is expected to be immediate key support.
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The market may consolidate with range-bound trading in the upcoming session, especially after the sharp rally. Below are some short-term trading ideas to consider.
Trade Setup for April 9: Top 15 things to know before the opening bell
After a stellar run, the Nifty 50 may see some consolidation before getting ready for the next leg of the upmove toward the 24,300–24,500 zone. However, 23,800 is likely to act as support in the upcoming sessions, experts said.
Technical View: Nifty sees biggest single-day rally since May 2025 after ceasefire; 24,300 key for further gains; Bank Nifty targets 56,300 as VIX drops over 20%
The next immediate crucial resistance zone for the Nifty 50 is seen at 24,200–24,300, followed by 24,500, and 24,800 being a critical hurdle. However, 23,800 is going to be a support level, according to experts.
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Trading Plan: Will Nifty 50, Bank Nifty extend gains to a fifth session after Trump’s two-week Iran ceasefire move?
If the positive scenario plays out, the upward journey toward 23,400–23,500 cannot be ruled out, and sustaining above this zone could trigger a sharp rally. However, 23,000 is likely to act as immediate support, followed by the crucial 22,700 level.
Trade Spotlight: How should you trade Laurus Labs, Schneider Electric, Welspun Corp, DCB Bank, Tech Mahindra, and others on April 8?
The sustainability of the ongoing recovery is a key factor to watch in the upcoming sessions amid geopolitical tensions. Below are some short-term trading ideas to consider.
Trade Setup for April 8: Top 15 things to know before the opening bell amid US-Israel-Iran war
Rising further and sustaining above the 23,300–23,400–23,500 levels is crucial for the Nifty to move toward the psychological 24,000 zone. However, immediate support is seen at 22,700.
Technical View: Analysts urge caution amid Middle East tensions; Nifty eyes 23,500 on clearing next resistance
Analysts said resistance is placed at 23,200, and a decisive move above this level could trigger the next leg of the rally towards 23,500–23,800.
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The market is expected to remain range-bound, with focus on developments related to the US–Iran ceasefire. Below are some short-term trading ideas to consider.
Trade Setup for April 7: Top 15 things to know before the opening bell amid Iran–US ceasefire developments
The Nifty 50 needs to maintain this upward trajectory over the next few sessions by surpassing and sustaining above the 23,400–23,500 zone. Until then, range-bound trading may continue, with immediate support at 22,700 followed by 22,500, according to experts.
Technical View: Bulls hold ground for a third day, but sustainability of Nifty 50 uptrend remains crucial as VIX stays above 25; Nifty Bank eyes 53,000
The weekly options data indicates a trading range of 22,500–23,500 for the Nifty 50.
Trading Plan: Will Nifty 50, Bank Nifty see follow-through buying amid geopolitical tensions?
In case of further recovery, the Nifty 50 may face resistance at 22,800–23,000. However, failure to sustain could bring the index toward the immediate support zone of 22,500–22,450, followed by 22,200 as critical support.
Trade Spotlight: How should you trade NLC India, KSB, Titan Company, Adani Power, Nykaa, Natco Pharma, and others on April 6?
Bearish sentiment may prevail amid consolidation, with a continued focus on Middle East tensions. Below are some short-term trading ideas to consider.
Trade Setup for April 6: Top 15 things to know before the opening bell as geopolitical tensions dominate markets
Technical indicators are largely in favour of bears despite Thursday’s recovery. The index needs to reclaim and sustain above the 23,000 zone for an upmove toward 23,500; until then, consolidation and range-bound trading may continue, with immediate support at 22,500, followed by 22,200.
Chartist Talk: Crude oil’s next leg of upside hinges on a break above $120–123 a barrel, says Ashish Kyal
Ashish Kyal believes the low of 22,180 is going to be crucial for Nifty 50 because, if one looks at the weekly timeframe chart, this is the same level that was seen during May 2024. A very important base formation also happened in this zone in March 2025.
Chartist Talk: Is Nifty 50’s bearish momentum losing strength? Is Nifty IT’s pullback rally set to continue next week? Sudeep Shah answers
The 22,900-23,000 zone remains a key resistance band for the Nifty 50 next week, however, a decisive break below 22,350 would indicate a continuation of the downtrend, potentially dragging the index towards 22,200 and even 22,000, making this a crucial make-or-break zone in the near term, said Sudeep Shah of SBI Securities.
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Focus on high-probability setups when buying options, and avoid small premiums.
