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.
New STT, New Rules | How derivatives traders must adapt: Shubham Agarwal
Focus on high-probability setups when buying options, and avoid small premiums.
Technical View: Bears hold power; VIX remains above 25 despite Nifty’s 530-point recovery; 22,200 crucial for next week; Bank Nifty’s 50,000 at risk amid Iran war
The weekly options data indicates a 22,000–23,000 range for the Nifty 50 in the short term, as a breakout on either side of the range could provide further direction to the market.
Trading Plan: Can Nifty 50, Bank Nifty extend recovery amid Iran war developments, elevated VIX?
Nifty 50 needs to witness follow-through buying interest in the upcoming sessions for a move towards the 23,000–23,200 zone, with 23,470 acting as a crucial hurdle for negating the bearish bias. However, the 22,500–22,300 zone can act as a support area.
Trade Spotlight: How should you trade Chambal Fertilisers, Laurus Labs, BSE, Vedant Fashions, DMart, and others on April 2?
The market may consolidate, with a focus on West Asia war developments. Below are some short-term trading ideas to consider.
Trade Setup for April 2: Top 15 things to know before the opening bell amid geopolitical tensions
Overall, the setup remains bearish, although there has been some improvement in risk appetite. The Nifty 50 needs to extend its upward move and fill Monday’s bearish gap by surpassing the 22,800–22,850 zone to pave the way for an upmove toward 23,000–23,200.
Technical View: Nifty needs follow-through buying for 23,000; consolidation likely until then; 52,200 key hurdle for Bank Nifty, VIX slips 10%
Despite the positive close, the formation of a bearish candle by the Nifty 50 on the daily chart signals a strong presence of sellers at higher levels.
Nifty's 23,000 to act as decisive pivot for April series, short rollover suggests sell-on-rise bias
The combination of falling prices, rising volatility, and aggressive rollover participation suggests that the April series begins with short rollover dominance and defensive institutional positioning, rather than simple profit booking.
Trading Plan: Will Iran-driven de-escalation hopes help Nifty 50, Bank Nifty recoup Monday’s losses on first day of April series?
The Nifty 50 is expected to face resistance at 22,700–22,800, followed by 23,000–23,500, which will be a crucial hurdle, as sustaining above it can boost bullish confidence. However, 22,280 (near the recent day’s low) can act as immediate key support.
Trade Spotlight: How should you trade NALCO, Avenue Supermarts, Dhampur Sugar, PG Electroplast, Union Bank of India, and others on April 1?
The market may witness consolidation with range-bound trading after the severe bloodbath of the last two days. Below are some short-term trading ideas to consider.
Trade Setup for April 1: Top 15 things to know before the opening bell amid Iran war-driven uncertainty
After being oversold and with bears showing some signs of fatigue, the Nifty 50 may see a rebound towards 22,500–22,700; however, sustainability remains key going forward. As the index is close to a rising support trendline, a decisive break could trigger a fall towards 22,000–21,700, according to experts.
Chartist Talk: Past data show the Nifty tends to bottom out in early April. Will the Iran war make this time different? Akshay Chinchalkar explains
Unless the index gets a bullish candlestick with immediate follow-through, the trend, for now, is down and the April 2025 low has a high likelihood of being tested, Akshay Chinchalkar said.
Technical View: Worst March quarter and month since 2020 for Nifty 50, Bank Nifty; further bearish pressure likely toward 22,000 if trendline support breaks, VIX at 4-year high
Weekly options data suggest that the Nifty 50 is likely to remain in the 22,000–22,500 range in the short term, as a breakout on either side could determine the next directional move.
Trading Plan: Will Nifty 50, Bank Nifty attempt a rebound on F&O expiry session after Friday’s sharp correction?
The Nifty 50 is expected to face resistance at 23,000–23,200, followed by 23,500. However, immediate support is placed at 22,600, followed by the crucial support of 22,450. Meanwhile, the 53,000–53,300 range is likely to act as resistance for the Bank Nifty, followed by 54,000–54,200 as a crucial hurdle.
Trade Spotlight: How should you trade Emcure Pharma, Federal Bank, Delhivery, Aditya Infotech, Larsen and Toubro, and others on March 30?
The market may attempt a rebound after a sharp correction, but sustainability is key to watch. Below are some short-term trading ideas to consider.
Trade Setup for March 30: Top 15 things to know before the opening bell as Middle East developments stay in focus
In the upcoming monthly derivatives contracts expiry session, the previous day’s lows near 22,600 and 22,450 are expected to be at risk; below these levels, the critical support stands at 22,300. If the index decisively breaks this level, a fall toward 21,700 cannot be ruled out.
Chartist Talk: Will Emcure Pharma, HEG, Graphite India, and Anthem Biosciences extend Friday’s rally? Sudeep Shah explains
Given the current price structure and prevailing trend, Sudeep Shah continues to recommend a “sell on rise” strategy, as any short term pullbacks are likely to remain corrective in nature rather than mark the beginning of a sustainable trend reversal.
Reading the fear gauge | Shubham Agarwal explains how VIX hints at temporary bottoms
VIX does not tell you which direction the market will move. It tells you how wildly it might move.
Technical View: Bear attack on Nifty 50 signals major risk to 22,450 support next week; 51,300 crucial for Bank Nifty as Iran crisis lifts India VIX near 27
The India VIX spiked 8.8 percent to 26.8 and approached Monday’s high, signalling major discomfort for bulls. The risk for bulls may increase further if it rises sharply from current levels.
Trading Plan: Will Nifty 50 hold 23,000, Bank Nifty defend 53,000 as oil rises, VIX stays elevated amid US-Iran talks?
The 23,000–22,900 zone is expected to act as crucial support in the upcoming sessions, as a fall below this level could drag the Nifty 50 towards Monday’s low. On the higher side, the 23,500–23,600 zone may act as a hurdle.
Trade Spotlight: How should you trade City Union Bank, Godawari Power, Glenmark Pharma, HCL Tech, Lloyds Metals, KSB, and others on March 27?
The market is likely to remain range-bound with a negative bias until there is positive news from US–Iran negotiations. Below are some short-term trading ideas to consider.
Trade Setup for March 27: Top 15 things to know before the opening bell amid US-Iran talks uncertainty and oil volatility
Nifty needs to decisively surpass and sustain above 23,850 to negate the lower high–lower low formation for a bullish confirmation. Until then, consolidation and range-bound trading may continue, with immediate support placed in the 23,000–22,900 zone.
Chartist Talk: Is Nifty’s technical rebound still alive? Milan Vaishnav says 24,000 is possible, bets on these two stocks
If the Nifty 50 consolidates, Milan Vaishnav expects the 23,000 level to stay defended.
