What is NIFTY 50?
NIFTY50 is a benchmark index representing the top 50 companies listed in National Stock Exchange (NSE). Their weightage is based on free-float Market Capitalization.
NIFTY 50
NSE
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Short term - Technical Outlook
Nifty is expected to open with a gap-down, with GIFT Nifty indicating an opening in the 23,790–23,800 range, slipping below the key 24,000 level. This points to a weak start, driven by renewed geopolitical concerns. Immediate support is seen in the 23,700–23,600 zone, and a break below this range could extend the decline toward the 23,300–23,200 levels. The index remains in a consolidation phase following the recent recovery, but momentum appears to be weakening. The 24,000 mark now serves as a critical pivot; only sustained trading above this level can keep the structure mildly positive. A failure to hold key support levels is likely to result in further downside pressure in the near term.
Short term Research Report Call
Buy Above: 24100 | Targets: 24170, 24250, 24350 | Stop-loss: 24050
Sell Below: 23900 | Targets: 23810, 23730, 23630 | Stop-loss: 23950
Short term Chart
Long term - Technical Outlook
Nifty 50 immediate and critical support zone lies around 23,600. A clear breakdown below this level may intensify selling pressure and drag the index toward 23,000 region. On the upside, the 23,000 band now acts as a key resistance area, as earlier support has turned into a barrier; a sustained move above this range is essential for near-term stabilization. Momentum indicators remain weak, while MACD sell signals continue to reflect prevailing bearish momentum. Overall, the downside bias remains intact unless the index posts a decisive close above the 25,000–25,300 region.
Long term Research Report Call
Buy Above: 24100 | Targets: 24170, 24250, 24350 | Stop-loss: 24050
Sell Below: 23900 | Targets: 23810, 23730, 23630 | Stop-loss: 23950
Long term Chart
Market View
April 10th 2026
Indian equity markets opened on a slightly positive note, continuing the ongoing recovery, but the conviction is clearly missing. The temporary US–Iran ceasefire is acting more like a sentiment stabilizer rather than a strong trigger. Markets understand this is only a pause, not a resolution. That’s exactly why aggressive buying is still absent and traders are choosing to stay light and reactive.
On the sectoral front, IT continues to drag, down over 2%, showing that the recovery is not broad-based yet. This is a classic selective market, not a trending one. Meanwhile, the Indian rupee is showing resilience, holding in the 92.2–93.0 range. RBI support and unwinding of speculative positions are clearly helping reduce volatility and bringing some stability to currency markets.
Overall, this is a headline-driven market. Direction is not coming from fundamentals right now, it is coming from news flow - geopolitics, crude movement, and FII activity. Until clarity emerges, expect controlled moves, not aggressive trends.
Nifty 50
Nifty 50 opened mildly positive around 23,887, but again the story is very clear, 24,000 is acting as a psychological ceiling. Every attempt near this zone is facing selling pressure, indicating profit booking is still active. Technically, the index is in a recovery phase, but momentum is slowing down. For the next leg of the rally, a clean and sustained breakout above 24,000 is mandatory. Only then can we expect an extension towards 24,300–24,500. On the downside, 23,700–23,600 is the immediate support zone, and below that, 23,400–23,300 remains the strong demand base. Overall, structure is positive, but strength is not confirmed. Market needs a breakout, otherwise it will remain in a range-bound consolidation.
Bank Nifty
Bank Nifty opened strong with a gap-up around 55,209, continuing its recovery trend. Compared to Nifty, Bank Nifty is showing relatively better strength, but it is now approaching a decisive zone. The 55,800–56,000 band is a critical resistance. This is not just a level it is a decision zone. A breakout above this can trigger fresh momentum towards 56,500–57,000. On the downside, 54,700–54,600 remains the key support. As long as this holds, the structure stays intact. A breakdown below this level can quickly shift sentiment in the short term. Overall, bias is positive, but confirmation is pending. The next directional move depends entirely on how price reacts around 56,000.
Resistance 24,100
Support 23,700
FII & DII Activities
Particular
FIIs
DIIs
Net Purchase/ Sales (Cr)
9 Apr 2026
-1,711.19
+955.9
MTD-May (Cr)
April
-39,644.72
+35,572.48
Global Market
April 13th 2026
NASDAQ
USA
22,902.9
80.49 0.35
13th April
Dow Jones
USA
47,916.57
13th April
FTSE
UK
10,600.53
13th April
DAX
GERMAN
23,803.95
13th April
GIFT Nifty
Singapore
23,706
13th April
NIKKEI 225
Japan
56,298.14
13th April
Shanghai
China
3,979.26
13th April
S&P 500
USA
6,816.89
13th April
April 13th 2026
Top Gainers
IBULLSLTD
13.9
1.75 14.4
DMCC
261.04
37.14 16.59
ATLASCYCLE
117.93
14.87 14.43
ATULAUTO
508
72.45 16.63
Top Losers
AXISBANK
1,329.4
-21.4 -1.58
ITC
299.15
-5.1 -1.68
FEDERALBNK
286.8
-4.9 -1.68
ICICIBANK
1,309.8
-12.1 -0.92
Technicals
Pivot Advanced Levels
Check live levels for all scripts
Buy Above
24028.50
R1
24076.39
R2
24126.46
R3
24215.72
Stop Loss
23971.90
Pivot
23993.67
(All values are in INR)
Sell Below
23958.83
S1
23910.94
S2
23860.87
S3
23771.61
Stop Loss
24015.44
Pivot Basic Levels
| R4 | R3 | R2 | R1 | Pivot | S1 | S2 | S3 | S4 | |
| Classic | 24486.00 | 24348.68 | 24211.37 | 24130.98 | 23993.67 | 23913.28 | 23775.97 | 23695.58 | 23615.20 |
| Woodie | 24661.00 | 24377.15 | 24225.60 | 24159.45 | 24007.90 | 23941.75 | 23790.20 | 23724.05 | 23354.80 |
| Camarilla | 24170.34 | 24110.47 | 24090.51 | 24070.56 | 23993.67 | 24030.64 | 24010.69 | 23990.73 | 23930.86 |
Moving Averages
Bullish
Bearish
5 Day
20367.58
10 Day
19633.95
20 Day
19042.26
50 Day
18479.74
100 Day
18162.71
200 Day
17860.12
Momentum Oscillators
Bullish
2
Bearish
0
Neutral
5
Bullish
2
Bearish
0
Neutral
5
Stoch RSI
0.00
ROC
5.02
Ultimate
66.66
Williams
-22.80
CCI
69.33
Stochastic
87.46
RSI
47.88
Trend Oscillators & Volatility
Bullish
1
Bearish
0
Neutral
0
Bullish
1
Bearish
0
Neutral
0
ATR
131.08
Low Volatility
MACD
307.50
Bullish
Nifty Stock List
Check all stocks
| Stock Name | CMP | Change (%) | Market Cap (Cr.) | Sector | Piotroski Score |
RELIANCE | 1314.1 | -2.6737 | 1827086.85 | Oil & Gas | 7 / 9 |
HDFCBANK | 604.5 | 1.0616 | 1247478.6 | Banks | 3 / 9 |
HDFCBANK | 789.9 | -2.5176 | 1247478.6 | Banks | 3 / 9 |
BHARTIARTL | 1859.3 | -0.5722 | 1139651.54 | Telecom | 8 / 9 |
SBIN | 1037 | -2.7843 | 984630 | Banks | 5 / 9 |
Market Commentary
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Disclaimer: Investment in securities/commodities market subject to market risk, read all the related documents carefully before investing/trading.
Analyst Certification: I/We, Ayushi Jain Research Analyst, authors, and the name subscribed to this report, hereby certify that all the views expressed in this research report accurately reflect our views about the subject issuer(s) or securities. We also certify that no part of our compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or view(s) in this report. NISM Research Analyst registration number – NISM-201900015194.
NIFTY50 is a benchmark index representing the top 50 companies listed in National Stock Exchange (NSE). Their weightage is based on free-float Market Capitalization.
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